Friends of the Shalimar Library Inc

Analysis

Friends of the Shalimar Library Inc is a registered charity in United States, based in Shalimar, FL. It received its IRS tax-exemption ruling in February 1997, 29 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 Shalimar Library Inc reported income of $81k and spending of $63k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $64k to $81k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 61%. 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 Shalimar Library Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Straight Way of Grace Ministry Inc ($81k), Unitas Caritas Foundation Inc ($81k) and Linda Lorelle Scholarship Fund Inc ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 3.3% of the total. At year end it held assets of $589k against liabilities of -$522, net assets of $589k.