Friends of the Lawton Public Library

Analysis

Friends of the Lawton Public Library is a registered charity in United States, based in Lawton, OK. It received its IRS tax-exemption ruling in December 1983, 43 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, Friends of the Lawton Public Library reported income of $524k and spending of $495k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $524k (+327%), an average of +327% a year. The sharpest change came in the year to December 2023, when income rose by 327%. Over the whole period it spent 93% 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 Lawton Public Library sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within OK. Charities of a similar size with the same main cause include Advocates Against Domestic Abuse ($524k), Oregon Fencing Alliance ($524k) and Wood County Home Corporation ($524k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 4.2% of the total. At year end it held assets of $205k against liabilities of $0, net assets of $205k.