Friends of the Allen Public Library Incorporated

Analysis

Friends of the Allen Public Library Incorporated is a registered charity in United States, based in Allen, TX. It received its IRS tax-exemption ruling in June 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Friends of the Allen Public Library Incorporated reported income of $109k and spending of $34k, leaving 69% of income unspent that year. Across the 5 years on record, from April 2020 to April 2024, income grew from $36k to $109k (+198%), an average of +31% a year. The sharpest change came in the year to April 2021, when income rose by 228%. Over the whole period it spent 31% 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 Allen Public Library Incorporated sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Aurora Center for the Arts ($109k), New Marlborough Village Assoc Inc ($109k) and Stewardship of Life Institute ($109k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 26% of the total. At year end it held assets of $886k against liabilities of $0, net assets of $886k.