Friends of the Albany Public Library

Analysis

Friends of the Albany Public Library is a registered charity in United States, based in Albany, OR. It received its IRS tax-exemption ruling in August 1977, 49 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 April 2024, Friends of the Albany Public Library reported income of $60k and spending of $46k, leaving 23% of income unspent that year. Across the 2 years on record, from April 2023 to April 2024, income fell from $269k to $60k (-78%), an average of -78% a year. The sharpest change came in the year to April 2024, when income dropped by 78%. Over the whole period it spent 22% 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 Albany Public Library sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within OR. Charities of a similar size with the same main cause include Religious Research Association Inc ($60k), Hammondsport Community Services Inc ($60k) and PTA California Congress of Parents Teachers & Students Inc ($60k).

At year end it held assets of $425k against liabilities of $0, net assets of $425k.