Friends of the Ormond Beach Public Library Inc

Analysis

Friends of the Ormond Beach Public Library Inc is a registered charity in United States, based in Ormond Beach, FL. It received its IRS tax-exemption ruling in March 1983, 43 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 December 2023, Friends of the Ormond Beach Public Library Inc reported income of $53k and spending of $97k, spending 182% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $54k to $53k (-0.7%), an average of -0.7% a year. Over the whole period it spent 158% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of the Ormond Beach Public Library Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 24th percentile within FL. Charities of a similar size with the same main cause include River Valley Trails Inc ($53k), Syracuse Lake Association Inc ($53k) and Heroic Gardens ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $349k against liabilities of $184, net assets of $349k.