Friends of the Pamlico County Public Library

Analysis

Friends of the Pamlico County Public Library is a registered charity in United States, based in Bayboro, NC. It received its IRS tax-exemption ruling in February 2012, 14 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 Pamlico County Public Library reported income of $2.3m and spending of $147k, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $266k to $2.3m (+776%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 3129%. Over the whole period it spent 18% 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 Pamlico County Public Library sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Cedar Ridge Christian School ($2.3m), Hillander School ($2.3m) and Gem Prep Twin Falls LLC ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $504 (0.3% of expenses). At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.