Friends of the Western Philatelic Library Inc

Analysis

Friends of the Western Philatelic Library Inc is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Western Philatelic Library Inc reported income of $194k and spending of $47k, leaving 76% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $186k to $194k (+4.3%), an average of +2.1% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 18% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Western Philatelic Library Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include The W-L Crew Boosters Inc ($194k), Watertown Cooperative Nursery School Inc ($194k) and Central Plains Library System ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.0% of the total. At year end it held assets of $767k against liabilities of $0, net assets of $767k.