Richland Library Friends and Foundation

Analysis

Richland Library Friends and Foundation is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in January 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 June 2023, Richland Library Friends and Foundation reported income of $386k and spending of $350k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $315k to $386k (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2021, when income rose by 68%. 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, Richland Library Friends and Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within SC. Charities of a similar size with the same main cause include City of Richmond Public Library Foundation ($386k), R a G E Ministries Inc ($386k) and Toyota Technological Institute at Chicago ($386k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $10k. At year end it held assets of $1.3m against liabilities of $71k, net assets of $1.2m.