Friends of the Spartanburg County Library Inc

Analysis

Friends of the Spartanburg County Library Inc is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in August 1981, 45 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 June 2023, Friends of the Spartanburg County Library Inc reported income of $135k and spending of $84k, leaving 37% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $144k to $135k (-6.6%), an average of -6.6% a year. Over the whole period it spent 42% 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 Spartanburg County Library Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 50th percentile within SC. Charities of a similar size with the same main cause include Little League Baseball Inc ($135k), PTA California Congress of Parents Teachers & Students Inc ($135k) and Marine Renewable Energy Collaborative of New England ($135k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 64% of the total. At year end it held assets of $275k against liabilities of $0, net assets of $275k.