Friends of the Rockwall County Public Library

Analysis

Friends of the Rockwall County Public Library is a registered charity in United States, based in Rockwall, TX. It received its IRS tax-exemption ruling in August 1978, 48 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 May 2024, Friends of the Rockwall County Public Library reported income of $63k and spending of $65k, spending 103% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $54k to $63k (+18%), an average of +18% a year. The sharpest change came in the year to May 2024, when income rose by 18%. Over the whole period it spent 97% 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 Rockwall County Public Library sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include Riverside Elementary School Parent Teacher Organization Inc ($63k), Lincoln School P T O Oak Park ($63k) and The Music Machine Inc ($63k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 33% of the total. At year end it held assets of $383k against liabilities of $2,770, net assets of $380k.