Friends of the Albany County Public Library

Analysis

Friends of the Albany County Public Library is a registered charity in United States, based in Laramie, WY. It received its IRS tax-exemption ruling in February 1992, 34 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 December 2023, Friends of the Albany County Public Library reported income of $67k and spending of $63k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $67k (+5.8%), an average of +5.8% a year. Over the whole period it spent 89% 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 Albany County Public Library sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 21st percentile within WY. Charities of a similar size with the same main cause include Detroit Wine Organization ($67k), Slvrec Energy Foundation Inc ($67k) and Allen & Gloria Block Family Foundation ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 92% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.