Friends of the Library Association

Analysis

Friends of the Library Association is a registered charity in United States, based in Leakey, TX. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Friends of the Library Association reported income of $127k and spending of $103k, spending 81% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $116k to $127k (+10%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of the Library Association sits at the 41st percentile: it is larger than about 41% 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 National Network of Nonprofit Search Consultants ($127k), Gatlinburg Chamber of Commerce Foundation ($127k) and Karns City Communities That Care ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 0.1% of the total. At year end it held assets of $1.1m against liabilities of $386, net assets of $1.1m. It reported 3 employees.