Friends of the Boerne Public Library

Analysis

Friends of the Boerne Public Library is a registered charity in United States, based in Boerne, TX. It received its IRS tax-exemption ruling in January 1984, 42 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 Boerne Public Library reported income of $127k and spending of $59k, leaving 53% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $127k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 114% 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 Boerne Public Library sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include St Josephs Community Foundation ($127k), St Clairsville Jr Sports Inc ($127k) and Sag Harbor Historical Society ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 40% of the total. At year end it held assets of $346k against liabilities of $0, net assets of $346k.