Friends of the Brentwood Library Inc

Analysis

Friends of the Brentwood Library Inc is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in January 1985, 41 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 December 2023, Friends of the Brentwood Library Inc reported income of $79k and spending of $35k, leaving 56% of income unspent that year. Across the 2 years on record, from June 2023 to December 2023, income fell from $166k to $79k (-52%), an average of -52% a year. The sharpest change came in the year to December 2023, when income dropped by 52%. Over the whole period it spent 65% 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 Brentwood Library Inc sits at the 31st 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 30th percentile within TN. Charities of a similar size with the same main cause include Stamford Volunteer Fire Company Inc ($79k), Garfield County Search and Rescue Inc ($79k) and PTA California Congress of Parents Teachers & Students Inc ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 92% of the total. At year end it held assets of $287k against liabilities of $2,940, net assets of $284k.