Friends of the Palm Beach Countypublic Library Inc

Analysis

Friends of the Palm Beach Countypublic Library Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in March 1981, 45 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Palm Beach Countypublic Library Inc reported income of $242k and spending of $220k, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $290k to $242k (-17%), an average of -4.4% a year. The sharpest change came in the year to September 2022, when income rose by 45%. Over the whole period it spent 113% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Palm Beach Countypublic 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 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Good Friends of the Lowcountry ($242k), Friends of the North Castle Public Library Inc ($242k) and Summit Foundation Inc ($242k).

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 $429k against liabilities of $3,243, net assets of $426k.