Friends of the Sedona Library

Analysis

Friends of the Sedona Library is a registered charity in United States, based in Sedona, AZ. It received its IRS tax-exemption ruling in March 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2024, Friends of the Sedona Library reported income of $219k and spending of $173k, leaving 21% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $175k to $219k (+25%), an average of +5.8% a year. The sharpest change came in the year to May 2023, when income dropped by 51%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Sedona Library sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within AZ. Charities of a similar size with the same main cause include American Lyceum ($219k), International Union of Operating Engineers Local 891 Education and ($219k) and Friends of Jennings School District Foundation ($219k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 64% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.