Friends of the Longmont Public Library

Analysis

Friends of the Longmont Public Library is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in February 1985, 41 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 April 2024, Friends of the Longmont Public Library reported income of $117k and spending of $34k, leaving 71% of income unspent that year. Across the 2 years on record, from April 2023 to April 2024, income grew from $104k to $117k (+13%), an average of +12% a year. Over the whole period it spent 53% 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 Longmont Public Library sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 37th percentile within CO. Charities of a similar size with the same main cause include South Carolina Congress of Parents and Teachers ($117k), PTA Texas Congress ($117k) and Pendldeton Buckaroo Booster Club ($117k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 90% of the total. At year end it held assets of $448k against liabilities of $492, net assets of $448k.