Friends of Yachats Library

Analysis

Friends of Yachats Library is a registered charity in United States, based in Yachats, OR. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Yachats Library reported income of $367k and spending of $9,686, leaving 97% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $13k to $367k (+2717%), an average of +2717% a year. The sharpest change came in the year to December 2023, when income rose by 2717%. Over the whole period it spent 4.9% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Yachats Library sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OR. Charities of a similar size with the same main cause include Ashland Community Foundation ($367k), E S B a Inc ($367k) and We Love Buford Highway Inc ($367k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.3% of the total. At year end it held assets of $523k against liabilities of $1,698, net assets of $521k.