Friends of the Lakewood Ranch Library Inc

Analysis

Friends of the Lakewood Ranch Library Inc is a registered charity in United States, based in Lakewood RCH, FL. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 April 2024, Friends of the Lakewood Ranch Library Inc reported income of $84k and spending of $150k, spending 179% of what it took in. Across the 2 years on record, from April 2023 to April 2024, income fell from $209k to $84k (-60%), an average of -60% a year. The sharpest change came in the year to April 2024, when income dropped by 60%. Over the whole period it spent 90% 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 Lakewood Ranch 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 32nd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Michigan Horticulture Education Foundation Inc ($84k), Friends of Quaker Valley Schools ($84k) and Parent Booster USA Inc ($84k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 96% of the total. At year end it held assets of $86k against liabilities of $11k, net assets of $75k.