Friends of the Culpeper Library Inc

Analysis

Friends of the Culpeper Library Inc is a registered charity in United States, based in Culpeper, VA. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Friends of the Culpeper Library Inc reported income of $66k and spending of $39k, leaving 41% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $83k to $66k (-21%), an average of -5.7% a year. The sharpest change came in the year to September 2022, when income rose by 48%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Culpeper Library Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within VA. Charities of a similar size with the same main cause include Alpha Psi Education Scholarship and Leadership Foundation Inc ($66k), Intellichoice Inc ($66k) and New System School Inc ($66k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 55% and program service revenue 15% of the total. At year end it held assets of $375k against liabilities of $0, net assets of $375k.