Friends of the Temple Public Library

Analysis

Friends of the Temple Public Library is a registered charity in United States, based in Temple, TX. It received its IRS tax-exemption ruling in February 1966, 60 years ago. 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 Temple Public Library reported income of $72k and spending of $136k, spending 189% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $63k to $72k (+15%), an average of +14% a year. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Temple Public Library sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include Gorham Youth Soccer Association ($72k), Network of Evangelical Women in Ministry ($72k) and 4 a Cause Thrift Shop ($72k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.