Friends of the Cumberland County Public Library Inc

Analysis

Friends of the Cumberland County Public Library Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in June 1977, 49 years ago. 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 December 2023, Friends of the Cumberland County Public Library Inc reported income of $121k and spending of $103k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $153k to $121k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Cumberland County Public Library Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include International Family Missions ($121k), The Los Angeles Branch of the International Dyslexia Association ($121k) and PTA California Congress of Parents Teachers & Students Inc ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 53% of the total. At year end it held assets of $183k against liabilities of $522, net assets of $182k.