Friends of the Klamath County Library

Analysis

Friends of the Klamath County Library is a registered charity in United States, based in Klamath Falls, OR. It received its IRS tax-exemption ruling in July 1984, 42 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 June 2024, Friends of the Klamath County Library reported income of $82k and spending of $93k, spending 113% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $42k to $82k (+93%), an average of +93% a year. The sharpest change came in the year to June 2024, when income rose by 93%. Over the whole period it spent 105% 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 Klamath County Library sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within OR. Charities of a similar size with the same main cause include Sky Mountain Christian Camp ($82k), Father McElligott Sacred Heart School Foundation ($82k) and Depot Institute Limited ($82k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. At year end it held assets of $119k against liabilities of $0, net assets of $119k.