Friends of the Library of Rio Rancho Inc

Analysis

Friends of the Library of Rio Rancho Inc is a registered charity in United States, based in Rio Rancho, NM. It received its IRS tax-exemption ruling in May 1983, 43 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 June 2024, Friends of the Library of Rio Rancho Inc reported income of $152k and spending of $143k, spending 94% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $106k to $152k (+44%), an average of +44% a year. The sharpest change came in the year to June 2024, when income rose by 44%. Over the whole period it spent 90% 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 Library of Rio Rancho Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within NM. Charities of a similar size with the same main cause include North Carolina Science Teachers Association ($152k), Volunteers of America Inc ($152k) and East Arkansas Business Development Council Inc ($152k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 30% of the total. At year end it held assets of $176k against liabilities of $0, net assets of $176k.