Friends of Reston Regional Library Inc

Analysis

Friends of Reston Regional Library Inc is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends of Reston Regional Library Inc reported income of $234k and spending of $202k, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $124k to $234k (+89%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 350%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Reston Regional Library Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include KC Academy Sulphur Inc ($234k), Journalism and Women Symposium ($234k) and Friends of Mukhanyo ($234k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.1% and program service revenue 73% of the total. At year end it held assets of $1.1m against liabilities of $1,359, net assets of $1.1m.