Friends of the Rancho Santa Margarita Library

Analysis

Friends of the Rancho Santa Margarita Library is a registered charity in United States, based in Rcho Sta Marg, CA. It received its IRS tax-exemption ruling in February 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Rancho Santa Margarita Library reported income of $76k and spending of $70k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $44k to $76k (+74%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 97% 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 Rancho Santa Margarita Library sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Erie Elementary Ptco ($76k), Creekside Parent Organization ($76k) and Desert Willow PTO ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 96% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.