Friends of the Library of Collier County Inc

Analysis

Friends of the Library of Collier County Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in May 1964, 62 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 the Library of Collier County Inc reported income of $928k and spending of $615k, leaving 34% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $833k to $928k (+11%), an average of +3.7% a year. The sharpest change came in the year to September 2023, when income rose by 79%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Library of Collier County Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include South Point Scholars Academy Inc ($928k), Utah Association of Public Charter Schools ($928k) and Signum University ($928k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 51% and program service revenue 44% of the total. Other salaries and wages came to $140k. At year end it held assets of $2.4m against liabilities of $498k, net assets of $1.9m. It reported 3 employees.