Friends of the San Carlos Library

Analysis

Friends of the San Carlos Library is a registered charity in United States, based in San Carlos, CA. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Friends of the San Carlos Library reported income of $173k and spending of $74k, leaving 57% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $221k to $173k (-22%), an average of -4.7% a year. The sharpest change came in the year to June 2022, when income rose by 173%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the San Carlos Library sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Aegis America Inc ($173k), Project Ledo ($173k) and Salish Current ($173k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.6% and program service revenue 78% of the total. At year end it held assets of $840k against liabilities of $0, net assets of $840k.