Friends of the Plano Public Library

Analysis

Friends of the Plano Public Library is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in August 1965, 61 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 September 2023, Friends of the Plano Public Library reported income of $111k and spending of $109k, spending 99% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $102k to $111k (+8.9%), an average of +8.9% a year. Over the whole period it spent 103% 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 Plano Public Library sits at the 39th percentile: it is larger than about 39% 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 Friends of the Hilton Head Library ($111k), Mended Network ($111k) and Merlin and Nora Augustine Foundation for Human Development ($111k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 4.9% of the total. At year end it held assets of $148k against liabilities of $1,568, net assets of $146k.