Friends of the Williamson County Public Library

Analysis

Friends of the Williamson County Public Library is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2024, Friends of the Williamson County Public Library reported income of $77k and spending of $73k, spending 94% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $77k to $77k (+0.5%), an average of +0.5% a year. Over the whole period it spent 103% 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 Williamson County Public Library sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within TN. Charities of a similar size with the same main cause include Eagle Point Parent Group Inc ($77k), Roxbury Football Fan Club ($77k) and Fishers Pointe Cooperative Preschool Inc ($77k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 4.4% and program service revenue 88% of the total. At year end it held assets of $52k against liabilities of $505, net assets of $52k.