Friends of the Redwood Libraries

Analysis

Friends of the Redwood Libraries is a registered charity in United States, based in Eureka, CA. It received its IRS tax-exemption ruling in November 1970, 56 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 June 2024, Friends of the Redwood Libraries reported income of $87k and spending of $59k, leaving 32% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $38k to $87k (+127%), an average of +127% a year. The sharpest change came in the year to June 2024, when income rose by 127%. Over the whole period it spent 76% 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 Redwood Libraries sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Dematic Employee Association ($87k), Friends of the Library of Seminole County Florida Inc ($87k) and Taegu Kyungbuk Society USA Inc ($87k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 48% and program service revenue 64% of the total. At year end it held assets of $124k against liabilities of $1,300, net assets of $123k.