Friends of the Chapel Hill Public Library

Analysis

Friends of the Chapel Hill Public Library is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in May 1980, 46 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 June 2024, Friends of the Chapel Hill Public Library reported income of $197k and spending of $154k, leaving 22% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $168k to $197k (+17%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 17%. 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 Chapel Hill Public Library sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Cabrini Co-Op Inc ($197k), Firecrackers Washington ($197k) and Michigan Council on Economic Education ($197k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 12% of the total. At year end it held assets of $139k against liabilities of $0, net assets of $139k.