Friends of the Waccamaw Library Inc

Analysis

Friends of the Waccamaw Library Inc is a registered charity in United States, based in Pawleys Isl, SC. It received its IRS tax-exemption ruling in April 1988, 38 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 October 2023, Friends of the Waccamaw Library Inc reported income of $79k and spending of $64k, spending 82% of its income. Across the 2 years on record, from October 2022 to October 2023, income fell from $103k to $79k (-23%), an average of -23% a year. The sharpest change came in the year to October 2023, when income dropped by 23%. Over the whole period it spent 62% 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 Waccamaw Library Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 37th percentile within SC. Charities of a similar size with the same main cause include The Counselors of Real Estate Foundation ($79k), The Inhealth Community Wellness Clinic Inc ($79k) and Better Middlebury Partnership Inc ($79k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $176k against liabilities of $0, net assets of $176k.