Friends of the Winthrop Public Library

Analysis

Friends of the Winthrop Public Library is a registered charity in United States, based in Winthrop, WA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Friends of the Winthrop Public Library reported income of $72k and spending of $136k, spending 189% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $72k (-93%), an average of -50% a year. The sharpest change came in the year to December 2020, when income rose by 178%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Winthrop Public Library sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 23rd percentile within WA. Charities of a similar size with the same main cause include Gladwyne Hsa ($72k), Cumberland Classical Home Centered Educators ($72k) and Legend Springs Elementary PTO ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. At year end it held assets of $226k against liabilities of $0, net assets of $226k.