Friends of the Carson City Library

Analysis

Friends of the Carson City Library is a registered charity in United States, based in Carson City, NV. It received its IRS tax-exemption ruling in December 1966, 60 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 December 2023, Friends of the Carson City Library reported income of $93k and spending of $93k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $93k (+7.2%), an average of +7.2% a year. Over the whole period it spent 97% 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 Carson City Library sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within NV. Charities of a similar size with the same main cause include Legatus ($93k), Habitat for Humanity International Inc ($93k) and Edenton-Chowan Educational Foundation Inc ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.1% of the total. At year end it held assets of $259k against liabilities of $52k, net assets of $207k.