Friends of the Library of Tampa Hillsborough County Inc

Analysis

Friends of the Library of Tampa Hillsborough County Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in March 1967, 59 years ago. 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 Library of Tampa Hillsborough County Inc reported income of $356k and spending of $244k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $538k to $356k (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Library of Tampa Hillsborough County Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Huguenot Fire Company Inc ($356k), Scottsdale Community Players ($356k) and Trustees of Purdue University ($356k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% of the total. Other salaries and wages came to $31k. At year end it held assets of $1.7m against liabilities of $6,942, net assets of $1.7m. It reported 1 employees.