Friends of the Broward County African-American Research Library

Analysis

Friends of the Broward County African-American Research Library is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in March 2015, 11 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 September 2023, Friends of the Broward County African-American Research Library reported income of $98k and spending of $120k, spending 122% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income grew from $69k to $98k (+42%), an average of +19% a year. The sharpest change came in the year to September 2022, when income rose by 109%. Over the whole period it spent 96% 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 Broward County African-American Research Library sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include Flushing Band and Orchestra Boosters Inc ($98k), Cumberland Library Fund Inc ($98k) and American Institute for Justice Inc ($98k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $113k against liabilities of $0, net assets of $113k.