Friends of Washoe County Library

Analysis

Friends of Washoe County Library is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in September 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Friends of Washoe County Library reported income of $799k and spending of $154k, leaving 81% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $198k to $799k (+303%), an average of +59% a year. The sharpest change came in the year to December 2022, when income rose by 500%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Washoe County Library sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within NV. Charities of a similar size with the same main cause include Southside Survivor Response Center Inc ($799k), Garcia Street Club Inc ($799k) and Friends of Lifelong Medical Care ($799k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 86% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.