Friends of Alamance County Public Libraries

Analysis

Friends of Alamance County Public Libraries is a registered charity in United States, based in Burlington, NC. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2024, Friends of Alamance County Public Libraries reported income of $76k and spending of $72k, spending 95% of its income. Across the 2 years on record, from September 2023 to September 2024, income fell from $84k to $76k (-10%), an average of -10% a year. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Alamance County Public Libraries sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within NC. Charities of a similar size with the same main cause include Science Foundation Arizona ($76k), Advia Foundation ($76k) and Springport Area Foundation for Education ($76k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 16% of the total. At year end it held assets of $111k against liabilities of $1,614, net assets of $109k.