Friends of the Berryville Library Inc

Analysis

Friends of the Berryville Library Inc is a registered charity in United States, based in Berryville, AR. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Friends of the Berryville Library Inc reported income of $591k and spending of $84k, leaving 86% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $235k to $591k (+152%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 12% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Berryville Library Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within AR. Charities of a similar size with the same main cause include Do It for the Love ($591k), On Pitch Performing Arts Inc ($591k) and Arts & Cultural Alliance of Sarasota County Inc ($591k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $2.0m against liabilities of $1,251, net assets of $2.0m.