Friends of the Lexington Branch Library

Analysis

Friends of the Lexington Branch Library is a registered charity in United States, based in Lexington, SC. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Lexington Branch Library reported income of $52k and spending of $51k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $52k to $52k (-0.9%), an average of -0.9% a year. Over the whole period it spent 101% 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 Lexington Branch Library sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 26th percentile within SC. Charities of a similar size with the same main cause include Doniphan for Football Inc ($52k), Lakeridge Junior High School Parent Club ($52k) and Stellar Diverse Student Achievement Center ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.