Friends of the Monroe County Public Library in Key West Florida Inc

Analysis

Friends of the Monroe County Public Library in Key West Florida Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in October 1979, 47 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 June 2023, Friends of the Monroe County Public Library in Key West Florida Inc reported income of $124k and spending of $61k, leaving 51% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $153k to $124k (-19%), an average of -9.9% a year. Over the whole period it spent 44% 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 Monroe County Public Library in Key West Florida Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Charles E Brown Middle School Parent Teacher Organization ($124k), Canton Bridges Homeschool Organization ($124k) and Asociacion de Personas Con Impedime Ntos Inc ($124k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 9.3% of the total. At year end it held assets of $637k against liabilities of $0, net assets of $637k.