Friends of the Amarillo Library

Analysis

Friends of the Amarillo Library is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in June 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Friends of the Amarillo Library reported income of $123k and spending of $95k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $123k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 79% 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 Amarillo Library sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Martinsburg High School Band Boosters Inc ($123k), Womelsdorf Community Library Inc ($123k) and South Bay Faith Academy Inc ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $168k against liabilities of $0, net assets of $168k.