Friends of the Orange County Library System Inc

Analysis

Friends of the Orange County Library System Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in September 1977, 49 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 September 2023, Friends of the Orange County Library System Inc reported income of $1.3m and spending of $130k, leaving 90% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $241k to $1.3m (+423%), an average of +51% a year. The sharpest change came in the year to September 2023, when income rose by 394%. Over the whole period it spent 30% 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 Orange County Library System Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Brehm Preparatory School Foundation ($1.3m), Brevard County Legal Aid Inc ($1.3m) and New York State Elks Association Major Projects Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.