Friends of the Library-Ponte Vedra Beach Inc

Analysis

Friends of the Library-Ponte Vedra Beach Inc is a registered charity in United States, based in Ponte Vedra, FL. It received its IRS tax-exemption ruling in October 1990, 36 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 December 2023, Friends of the Library-Ponte Vedra Beach Inc reported income of $167k and spending of $109k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $167k (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 74% 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 Library-Ponte Vedra Beach Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within FL. Charities of a similar size with the same main cause include Triumph Teen Life Center ($167k), Southmoore Gold Club Inc ($167k) and Lancaster County Virginia Education Foundation Inc ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $742k against liabilities of $0, net assets of $742k.