Friends of the Tellico Village Library Inc

Analysis

Friends of the Tellico Village Library Inc is a registered charity in United States, based in Loudon, TN. It received its IRS tax-exemption ruling in March 1995, 31 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 Tellico Village Library Inc reported income of $295k and spending of $186k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $200k to $295k (+48%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 76% 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 Tellico Village Library Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within TN. Charities of a similar size with the same main cause include Nashville Sheetmetal Joint Apprentice Committee ($295k), Key West Pre-School Co-Operative Inc ($295k) and Florida Head Start Association Inc ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 117% of the total. At year end it held assets of $1.8m against liabilities of $1.1m, net assets of $780k.