Friends of the Ector County Library

Analysis

Friends of the Ector County Library is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in April 1983, 43 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 Ector County Library reported income of $75k and spending of $46k, leaving 39% of income unspent that year. Across the 4 years on record, from September 2019 to September 2023, income fell from $202k to $75k (-63%), an average of -28% a year. The sharpest change came in the year to September 2021, when income dropped by 57%. Over the whole period it spent 36% 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 Ector County Library sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within TX. Charities of a similar size with the same main cause include Bradford Food Pantry Inc ($75k), PTA California Congress of Parents Teachers & Students Inc ($75k) and C G Jung Society of New Mexico ($75k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $547k against liabilities of $1,639, net assets of $545k.