Friends of Gilbert Libraries

Analysis

Friends of Gilbert Libraries is a registered charity in United States, based in Gilbert, AZ. It received its IRS tax-exemption ruling in April 1960, 66 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends of Gilbert Libraries reported income of $104k and spending of $89k, spending 86% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $89k to $104k (+16%), an average of +7.9% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Gilbert Libraries sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within AZ. Charities of a similar size with the same main cause include Franklin County Historical Society Inc ($104k), Person County Arts Council Inc ($104k) and Arc of St Clair County Inc ($104k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $147k against liabilities of $0, net assets of $147k.