Friends of the Library of Flagler

Analysis

Friends of the Library of Flagler is a registered charity in United States, based in Palm Coast, FL. It received its IRS tax-exemption ruling in August 1979, 47 years ago. 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 December 2023, Friends of the Library of Flagler reported income of $158k and spending of $57k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $42k to $158k (+272%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 298%. Over the whole period it spent 68% 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 Library of Flagler 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 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Arlington Aquatic Club Boosters Inc Wakefield HS Swimming Pool ($158k), Internet Development Fund ($158k) and Monongahela Area Library Inc ($158k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $553k against liabilities of $0, net assets of $553k.