Friends of the Greenwood County Libraries Inc

Analysis

Friends of the Greenwood County Libraries Inc is a registered charity in United States, based in Greenwood, SC. It received its IRS tax-exemption ruling in November 1994, 32 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 Greenwood County Libraries Inc reported income of $52k and spending of $28k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $29k to $52k (+79%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 52% 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 Greenwood County Libraries Inc sits at the 20th percentile: it is larger than about 20% 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 Hjabc ($52k), Eureka Junior League Football Inc ($52k) and Hub Life Charities Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $234k against liabilities of $0, net assets of $234k.