Friends of the Roswell Library Inc

Analysis

Friends of the Roswell Library Inc is a registered charity in United States, based in Roswell, GA. It received its IRS tax-exemption ruling in June 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 April 2024, Friends of the Roswell Library Inc reported income of $67k and spending of $78k, spending 116% of what it took in. Across the 2 years on record, from April 2023 to April 2024, income grew from $59k to $67k (+14%), an average of +14% a year. Over the whole period it spent 107% 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 Roswell Library Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within GA. Charities of a similar size with the same main cause include Crimestoppers Plus Inc ($67k), River City Society for Historic Preservation ($67k) and Golden Gate Institute ($67k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 14% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.