Friends of the Macon County Public Library

Analysis

Friends of the Macon County Public Library is a registered charity in United States, based in Franklin, NC. It received its IRS tax-exemption ruling in October 1978, 48 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 June 2024, Friends of the Macon County Public Library reported income of $111k and spending of $106k, spending 96% of its income. Across the 4 years on record, from June 2019 to June 2024, income grew from $95k to $111k (+17%), an average of +5.3% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 102% 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 Macon County Public Library sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Holiday Heights First Aid Squad Inc ($111k), Society for the Preservation & Appreciation of Antique Motor Fire ($111k) and Chillicothe Civic Theatre Inc ($111k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 3.8% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.