Friends and Foundation of the Arlington Public Library

Analysis

Friends and Foundation of the Arlington Public Library is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Friends and Foundation of the Arlington Public Library reported income of $113k and spending of $237k, spending 210% of what it took in. Across the 4 years on record, from September 2019 to September 2023, income fell from $196k to $113k (-42%), an average of -17% a year. The sharpest change came in the year to September 2022, when income dropped by 64%. Over the whole period it spent 204% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends and Foundation of the Arlington Public Library sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include Correia Instrumental Musical Association Inc ($113k), Kelly Mill Elementary School PTO ($113k) and Kodiak Kindness Project ($113k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $362k against liabilities of $2,600, net assets of $359k.