Friends of the Herman Brown Free Library Inc

Analysis

Friends of the Herman Brown Free Library Inc is a registered charity in United States, based in Burnet, TX. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Friends of the Herman Brown Free Library Inc reported income of $193k and spending of $222k, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $191k to $193k (+0.8%), an average of +0.2% a year. The sharpest change came in the year to September 2021, when income rose by 35%. Over the whole period it spent 101% 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 Herman Brown Free Library Inc 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 Southwest Education Alliance LLC ($193k), Friends of Laker Baseball ($193k) and Dude Ranch Foundation ($193k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Other salaries and wages came to $119k. At year end it held assets of $326k against liabilities of $2,931, net assets of $323k. It reported 7 employees.