Friends of the Marin County Free Library

Analysis

Friends of the Marin County Free Library is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in March 1971, 55 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 Marin County Free Library reported income of $234k and spending of $230k, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $358k to $234k (-35%), an average of -8.1% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 88% 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 Marin County Free Library sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include One Voice Inc ($234k), Virginia Congress of Parents and Teachers ($234k) and Moore County Senior Center Inc ($234k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $393k against liabilities of $0, net assets of $393k.