Friends of the Charleston County Library

Analysis

Friends of the Charleston County Library is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in July 1984, 42 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 December 2023, Friends of the Charleston County Library reported income of $336k and spending of $314k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $308k to $336k (+9.0%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 86% 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 Charleston County Library sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within SC. Charities of a similar size with the same main cause include Association of Interior Native Educators ($336k), The Masonry Foundation ($336k) and Brooklyn School of Inquiry PTO ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $44k. At year end it held assets of $338k against liabilities of $4,605, net assets of $333k. It reported 2 employees.