The Friends of the Clarksville Montgomery County Public Library

Analysis

The Friends of the Clarksville Montgomery County Public Library is a registered charity in United States, based in Clarksville, TN. It received its IRS tax-exemption ruling in May 1984, 42 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, The Friends of the Clarksville Montgomery County Public Library reported income of $148k and spending of $115k, leaving 22% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $99k to $148k (+49%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 140%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Friends of the Clarksville Montgomery County Public Library sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within TN. Charities of a similar size with the same main cause include Johnson Park Parent Teacher Organization Inc ($148k), Jikoji ($148k) and Whole Heart International ($148k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 21% of the total. At year end it held assets of $138k against liabilities of $0, net assets of $138k.