Friends of the Goleta Valley Librar

Analysis

Friends of the Goleta Valley Librar is a registered charity in United States, based in Goleta, CA. It received its IRS tax-exemption ruling in December 1968, 58 years ago. 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 December 2023, Friends of the Goleta Valley Librar reported income of $170k and spending of $81k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $149k to $170k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Goleta Valley Librar sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include LA Casita Inc ($170k), Harvest International Inc ($170k) and Columbus Kiwanis Foundation ($170k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $905k against liabilities of $0, net assets of $905k.