Friends of the Bellingham Public Library

Analysis

Friends of the Bellingham Public Library is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in April 1985, 41 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 Bellingham Public Library reported income of $122k and spending of $48k, leaving 61% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $122k (+64%), an average of +64% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 40% 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 Bellingham Public Library sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 38th percentile within WA. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($122k), Seattle Artists ($122k) and Ossipee Childrens Fund Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 8.2% of the total. At year end it held assets of $337k against liabilities of $0, net assets of $337k.