Friends of the Abilene Public Library

Analysis

Friends of the Abilene Public Library is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in January 1986, 40 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 December 2023, Friends of the Abilene Public Library reported income of $98k and spending of $146k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $88k to $98k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 312%. Over the whole period it spent 148% 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 Abilene Public Library sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within TX. Charities of a similar size with the same main cause include Sherman Oaks Cooperative Nursery ($98k), Glenville Nursery School Incorporated ($98k) and Association of Notre Dame Clubs Inc ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $323k against liabilities of $0, net assets of $323k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.