Friends of the Marble Falls Library

Analysis

Friends of the Marble Falls Library is a registered charity in United States, based in Marble Falls, TX. It received its IRS tax-exemption ruling in July 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Friends of the Marble Falls Library reported income of $289k and spending of $176k, leaving 39% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $165k to $289k (+75%), an average of +15% a year. The sharpest change came in the year to September 2023, when income rose by 286%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Marble Falls Library sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Mississippi Bandmasters Association Inc ($289k), Lutheran H S of Northeast Ne Education Foundation ($289k) and Willington Public Library ($289k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.0% of the total. At year end it held assets of $1.9m against liabilities of $12k, net assets of $1.9m. It reported 34 employees.