Friends of the Waco Public Library Inc

Analysis

Friends of the Waco Public Library Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in June 1951, 75 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 December 2023, Friends of the Waco Public Library Inc reported income of $72k and spending of $102k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $63k to $72k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 239%. Over the whole period it spent 102% 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 Waco Public Library Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Arroyo Vista Childrens Theatre Inc ($72k), New Oxford Athletic Booster Club ($72k) and Fox Point-Bayside Parent Teacher Organization Inc ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 92% of the total. At year end it held assets of $307k against liabilities of $5,331, net assets of $302k.