The Friends of the Garland County Library of Hotsprings Arkansas Inc

Analysis

The Friends of the Garland County Library of Hotsprings Arkansas Inc is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in September 1991, 35 years ago. 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 December 2023, The Friends of the Garland County Library of Hotsprings Arkansas Inc reported income of $131k and spending of $134k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $131k (+142%), an average of +142% a year. The sharpest change came in the year to December 2023, when income rose by 142%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Friends of the Garland County Library of Hotsprings Arkansas Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within AR. Charities of a similar size with the same main cause include Ottumwa Symophony Orchestra Foundation ($131k), Little League Baseball Inc ($131k) and Middletown-Fallcreek Township Emergency Service Inc ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.