Friends of Indian River County Library Inc

Analysis

Friends of Indian River County Library Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in December 1960, 66 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Friends of Indian River County Library Inc reported income of $139k and spending of $156k, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $176k to $139k (-21%), an average of -5.7% a year. The sharpest change came in the year to September 2020, when income dropped by 35%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Indian River County Library Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include Rochester Parents of Music Students ($139k), Appleseed Christian Academy ($139k) and Family Resources for Education & Empowerment Inc ($139k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.5% and program service revenue 92% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.