Friends of the Henderson County Public Library Inc

Analysis

Friends of the Henderson County Public Library Inc is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in September 1968, 58 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 Henderson County Public Library Inc reported income of $293k and spending of $170k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $293k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 79% 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 Henderson County Public Library Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include National Charity League-Pacific Coast Chapter ($293k), Broadalbin Kennyetto Fire Co Inc ($293k) and Housing for the Handicapped of Alachua County Inc ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $1.0m against liabilities of $11k, net assets of $1.0m. It reported 1 employees.