Blount County Friends of the Library Inc

Analysis

Blount County Friends of the Library Inc is a registered charity in United States, based in Maryville, TN. It received its IRS tax-exemption ruling in August 1977, 49 years ago. 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 June 2024, Blount County Friends of the Library Inc reported income of $265k and spending of $219k, spending 83% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $216k to $265k (+23%), an average of +11% a year. 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, Blount County Friends of the Library Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include Bethany Home Care ($265k), Walton High School Foundation Inc ($265k) and National Student Employment Association Inc ($265k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 80% of the total. At year end it held assets of $610k against liabilities of $0, net assets of $610k.