Friends of the Florence Lauderdale Public Library

Analysis

Friends of the Florence Lauderdale Public Library is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in February 1984, 42 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 September 2024, Friends of the Florence Lauderdale Public Library reported income of $51k and spending of $53k, spending 104% of its income. Across the 2 years on record, from September 2023 to September 2024, income fell from $75k to $51k (-32%), an average of -32% a year. The sharpest change came in the year to September 2024, when income dropped by 32%. Over the whole period it spent 82% 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 Florence Lauderdale Public Library sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within AL. Charities of a similar size with the same main cause include Parent Booster USA Inc ($51k), Geneva Theater Guild Incorporated ($51k) and Trapper Creek Community Services Association Inc ($51k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 15% of the total. At year end it held assets of $95k against liabilities of $0, net assets of $95k.