Friends of the Keller Library

Analysis

Friends of the Keller Library is a registered charity in United States, based in Keller, TX. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 April 2024, Friends of the Keller Library reported income of $81k and spending of $91k, spending 112% of what it took in. Across the 2 years on record, from April 2023 to April 2024, income grew from $61k to $81k (+32%), an average of +32% a year. The sharpest change came in the year to April 2024, when income rose by 32%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of the Keller Library sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within TX. Charities of a similar size with the same main cause include Aerospace Medical Associationfoundation ($81k), Wichita Rotary Charitable Fund Inc ($81k) and St Pauls Foundation ($81k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 72% of the total. At year end it held assets of $48k against liabilities of $109, net assets of $48k.