Friends of the Library of Hawaii

Analysis

Friends of the Library of Hawaii is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in October 1991, 35 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 2023, Friends of the Library of Hawaii reported income of $758k and spending of $657k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $729k to $758k (+4.0%), an average of +1.0% a year. The sharpest change came in the year to June 2021, when income rose by 77%. Over the whole period it spent 58% 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 Library of Hawaii sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within HI. Charities of a similar size with the same main cause include Literacy Council of Reading-Berks ($758k), Fair Housing Council of Suburban Philadelphia Inc ($758k) and Pittsburgh Kollel Bais Yitzhor ($758k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 107% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $88k (13% of expenses). Other salaries and wages came to $149k. At year end it held assets of $11.1m against liabilities of $4.0m, net assets of $7.2m. It reported 11 employees.