Friends of the Champaign Public Library

Analysis

Friends of the Champaign Public Library is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 June 2024, Friends of the Champaign Public Library reported income of $82k and spending of $70k, spending 85% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $75k to $82k (+10%), an average of +10% a year. Over the whole period it spent 102% 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 Champaign 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 32nd percentile, and in the 33rd percentile within IL. Charities of a similar size with the same main cause include Waynesboro Community Concert Assoc ($82k), Meals on Wheels of Wadsworth Inc ($82k) and Potomac Chinese School Inc ($82k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 1.1% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.