Friends of the Winter Haven Public Library Inc

Analysis

Friends of the Winter Haven Public Library Inc is a registered charity in United States, based in Winter Haven, FL. It received its IRS tax-exemption ruling in March 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 Winter Haven Public Library Inc reported income of $328k and spending of $120k, leaving 63% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $136k to $328k (+141%), an average of +34% a year. The sharpest change came in the year to September 2023, when income rose by 98%. Over the whole period it spent 69% 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 Winter Haven Public Library Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Reijim Inc ($328k), State Historical Society of ND Foundation ($328k) and The Norwalk Youth Symphony Inc ($328k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 51% and program service revenue 35% of the total. At year end it held assets of $754k against liabilities of $5,223, net assets of $749k.