Library Friends of Payson

Analysis

Library Friends of Payson is a registered charity in United States, based in Payson, AZ. It received its IRS tax-exemption ruling in August 1987, 39 years ago. 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, Library Friends of Payson reported income of $65k and spending of $108k, spending 167% of what it took in. Across the 3 years on record, from June 2020 to June 2024, income fell from $137k to $65k (-53%), an average of -31% a year. The sharpest change came in the year to June 2023, when income rose by 268%. Over the whole period it spent 27% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Library Friends of Payson sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within AZ. Charities of a similar size with the same main cause include Fort Zumwalt South High School Bulldogs Booster Club ($65k), Walnut Creek Seniors Club ($65k) and West Springfield Rotary Club Foundation Inc ($65k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% of the total. At year end it held assets of $645k against liabilities of $5,925, net assets of $639k.