Friends of the Georgetown Public Library

Analysis

Friends of the Georgetown Public Library is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in October 1992, 34 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 Georgetown Public Library reported income of $194k and spending of $59k, leaving 70% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income fell from $222k to $194k (-13%), an average of -13% a year. Over the whole period it spent 50% 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 Georgetown Public Library sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Global Training Network ($194k), Sharyland Isd Education Foundation Inc ($194k) and Edinboro University Alumni Assoc ($194k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 42% and program service revenue 2.8% of the total. At year end it held assets of $402k against liabilities of $253, net assets of $402k.