Friends of the Manchester Library

Analysis

Friends of the Manchester Library is a registered charity in United States, based in Manchester, WA. It received its IRS tax-exemption ruling in June 1995, 31 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 December 2023, Friends of the Manchester Library reported income of $87k and spending of $61k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $87k (+1.3%), an average of +0.3% a year. The sharpest change came in the year to December 2020, when income rose by 136%. Over the whole period it spent 76% 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 Manchester Library sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 29th percentile within WA. Charities of a similar size with the same main cause include 911 SHS Memorial Fund Inc ($87k), Marcus H S Choir Booster Club ($87k) and Carlsbad High School Band Boosters ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 2.6% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.