Friends of the Fairfield Public Library Inc

Analysis

Friends of the Fairfield Public Library Inc is a registered charity in United States, based in Fairfield, CT. It received its IRS tax-exemption ruling in June 2004, 22 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 June 2023, Friends of the Fairfield Public Library Inc reported income of $79k and spending of $127k, spending 161% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $62k to $79k (+28%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 109% 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 Fairfield Public Library Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within CT. Charities of a similar size with the same main cause include Hempfield Band Booster Club ($79k), Mim Scholarship Foundation ($79k) and American Friends of Yeshiva Ahavas Torah ($79k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 8.8% of the total. At year end it held assets of $496k against liabilities of $238, net assets of $495k.