Friends of Hillsboro City Library

Analysis

Friends of Hillsboro City Library is a registered charity in United States, based in Hillsboro, TX. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Friends of Hillsboro City Library reported income of $250k and spending of $19k, leaving 92% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $25k to $250k (+888%), an average of +888% a year. The sharpest change came in the year to September 2023, when income rose by 888%. Over the whole period it spent 12% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Hillsboro City Library sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Population We ($250k), Springdale Free Public Library Inc ($250k) and Abukloi Foundation ($250k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $383k against liabilities of $0, net assets of $383k.