FRIENDS OF THE WAYLAND LIBRARY INC
WAYLAND,
Massachusetts,
01778
EIN: 04-2730313
Educational Institutions and Related Activities
DEMOGRAPHIC
ADDRESS
5 CONCORD ROAD
01778
COUNTY
middlesex county, MA
IN CARE OF NAME
WAYLAND PUBLIC LIBRARY
ORGANIZATIONAL OVERVIEW & RANKINGS
FRIENDS OF THE WAYLAND LIBRARY INC is a based in WAYLAND, MA, focused on Educational Institutions and Related Activities causes , specifically Libraries. Established in May 2022, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $69,646.00, this ranks 538,179 among 2,656,690 nonprofits nationally (Top 21%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 17,273 out of 58,562 organizations in MA (Top 30%).
In middlesex county, MA, the organization ranks 4,245 out of 14,370 nonprofits by assets (Top 30%), while locally in wayland, it stands at 58 among 182 organizations (Top 29%).
The organization reported annual revenue of $30,605.00, ranking 539,627 nationally (Top 21%) and 16,284 in MA (Top 28%).
Within its specific NTEE classification (B70 - B: Educational Institutions and Related Activities), which includes 2,878 similar organizations, FRIENDS OF THE WAYLAND LIBRARY INC ranks 593 in assets (Top 21%) and 566 in revenue (Top 20%).
Note: This organization's tax-exempt status was temporarily revoked on February 15, 2020 and was reinstated on February 15, 2020 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a August fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
Gifts grants or loans to other organizations
Non financial services of facilities to other organizations
NTEE COMMON CODE
B: Educational Institutions and Related Activities
NTEE CODE
B70: Libraries
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Revoked: Saturday, February 15, 2020;
Reinstated: Saturday, February 15, 2020
TAX PERIOD
09/2023
ACCOUNTING PERIOD
09
INCOME CODE
3: $25,000 to $99,999
INCOME AMOUNT
$35,648.00
FORM 990 REVENUE AMOUNT
$30,605.00
RULING DATE
05/2022
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$69,646.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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