Friends of the Sumter County Library

Analysis

Friends of the Sumter County Library is a registered charity in United States, based in Sumter, SC. It received its IRS tax-exemption ruling in December 1985, 41 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 Sumter County Library reported income of $84k and spending of $148k, spending 175% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $118k to $84k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 82% 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 Sumter County Library sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 38th percentile within SC. Charities of a similar size with the same main cause include Carey Volunteer Fire Department ($84k), Pinnacle Estate Properties Charity Inc ($84k) and Societa Religiosa Mutuo Soccorso Santissima Corcefisso Santo Stefan ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 7.5% of the total. At year end it held assets of $436k against liabilities of $0, net assets of $436k.