Friends of the Martin County Library System Inc

Analysis

Friends of the Martin County Library System Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in January 1956, 70 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Friends of the Martin County Library System Inc reported income of $149k and spending of $133k, spending 90% of its income. Across the 6 years on record, from September 2019 to September 2024, income grew from $139k to $149k (+6.6%), an average of +1.3% a year. The sharpest change came in the year to September 2022, when income rose by 93%. Over the whole period it spent 101% 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 Martin County Library System Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Summer Learning Kollel Inc ($149k), Coleopterists Society ($149k) and Shakespearience ($149k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 18% and program service revenue 55% of the total. At year end it held assets of $818k against liabilities of $452, net assets of $817k.