Friends of the Maui County Library

Analysis

Friends of the Maui County Library is a registered charity in United States, based in Wailuku, HI. It received its IRS tax-exemption ruling in June 1966, 60 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 December 2021, Friends of the Maui County Library reported income of $305k and spending of $224k, leaving 26% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income fell from $311k to $305k (-2.0%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 83% 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 Maui County Library sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within HI. Charities of a similar size with the same main cause include Homebase Homes Inc ($305k), PTA California Congress of Parents Teachers & Students Inc ($305k) and Greater Lansing Jewish Welfare Federation Inc ($305k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 6.8% and program service revenue 85% of the total. At year end it held assets of $359k against liabilities of $0, net assets of $359k.