Friends Of The Library
Sterling Hts, Michigan
B+Health Score
74B+
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Good
💰
$55K
Total Revenue
📊
$35K
Total Expenses
🏦
$95K
Net Assets
📋
N/A
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
+17.2%
Year-over-year change (2022 → 2023)
Net Margin
+36.2%
Revenue minus expenses as % of revenue
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $54,910↑17% | $35,055↓4% | $94,702↑27% | |
| 2022 | $46,835↑13% | $36,372↑25% | $74,847↑16% | — |
| 2021 | $41,570↑156% | $28,991↓18% | $64,384↑24% | — |
| 2020 | $16,254↓72% | $35,280↓33% | $51,805↓27% | — |
| 2019 | $57,693↑12% | $52,462↓5% | $70,831↑8% | — |
| 2018 | $51,533↓24% | $55,024↓17% | $65,600↓5% | — |
| 2017 | $67,713↓9% | $66,167↓7% | $69,091↑2% | — |
| 2016 | $74,203↑2% | $71,147↑12% | $67,545↑5% | — |
| 2015 | $72,808↑9% | $63,793↑7% | $64,489↑16% | — |
| 2014 | $66,556↓5% | $59,764↓26% | $55,474↑14% | — |
| 2013 | $70,247↓12% | $81,225↓7% | $48,682↓18% | — |
| 2012 | $79,412↓7% | $87,742↓3% | $59,660↓3% | — |
| 2011 | $85,528 | $90,629 | $61,597 | — |
Frequently Asked Questions
What does Friends Of The Library do?▼
Friends Of The Library is a unclassified nonprofit organization based in Michigan. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Friends Of The Library financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Friends Of The Library.
How much revenue does Friends Of The Library generate?▼
Friends Of The Library reports $60K in annual revenue and holds $101K in total assets, based on IRS filings.
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