Friends of the Villages Library Inc

Analysis

Friends of the Villages Library Inc is a registered charity in United States, based in Lady Lake, FL. It received its IRS tax-exemption ruling in October 2003, 23 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 December 2023, Friends of the Villages Library Inc reported income of $93k and spending of $97k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $93k (+14%), an average of +14% a year. Over the whole period it spent 104% 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 Villages Library Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include Sunbeam Corner Inc ($93k), Venice Concert Band Inc ($93k) and Quintet of the Americas Inc ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 93% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.