Friends of the Polk County Public Library

Analysis

Friends of the Polk County Public Library is a registered charity in United States, based in Columbus, NC. It received its IRS tax-exemption ruling in May 1990, 36 years ago. 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 December 2023, Friends of the Polk County Public Library reported income of $89k and spending of $137k, spending 154% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $312k to $89k (-71%), an average of -34% a year. The sharpest change came in the year to December 2022, when income rose by 171%. Over the whole period it spent 41% 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 Polk County Public Library sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within NC. Charities of a similar size with the same main cause include Boss Summit ($89k), Monona Serenity Group Incorporated ($89k) and Lynchburg Life Saving & First Aid Crew Inc ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $482k against liabilities of $526, net assets of $481k.