Friends of the Library Kingwood Inc

Analysis

Friends of the Library Kingwood Inc is a registered charity in United States, based in Kingwood, TX. It received its IRS tax-exemption ruling in April 1981, 45 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 March 2024, Friends of the Library Kingwood Inc reported income of $110k and spending of $119k, spending 108% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income grew from $104k to $110k (+5.7%), an average of +5.7% a year. Over the whole period it spent 111% 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 Library Kingwood Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Cedar Key Historical Society Inc ($110k), Oliver Township Volunteer Fire Company ($110k) and Clark Fork Valley Hospital Foundation Inc ($110k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 19% of the total. At year end it held assets of $256k against liabilities of $0, net assets of $256k.