Friends of the Library Inc

Analysis

Friends of the Library Inc is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in April 1966, 60 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 June 2024, Friends of the Library Inc reported income of $71k and spending of $114k, spending 160% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $91k to $71k (-22%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 39%. Over the whole period it spent 81% 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 Library Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within GA. Charities of a similar size with the same main cause include Tifereth Israel Synagogue Foundation ($71k), American Legion Boys State of Kansas ($71k) and 200 Club of Ocean County Inc ($71k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 26% of the total. At year end it held assets of $321k against liabilities of $0, net assets of $321k.