Friends of the Carpinteria Public Library

Analysis

Friends of the Carpinteria Public Library is a registered charity in United States, based in Carpinteria, CA. It received its IRS tax-exemption ruling in December 1972, 54 years ago. 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 May 2024, Friends of the Carpinteria Public Library reported income of $162k and spending of $138k, spending 85% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $129k to $162k (+26%), an average of +5.9% a year. The sharpest change came in the year to May 2022, when income rose by 175%. Over the whole period it spent 59% 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 Carpinteria Public Library sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Little League Baseball Inc ($162k), Cottonwood County Historical Society Inc ($162k) and Ketchikan Senior Citizens Services Incorporated ($162k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 80% of the total. At year end it held assets of $938k against liabilities of $0, net assets of $938k.