Friends of the Libraries of Nevada County

Analysis

Friends of the Libraries of Nevada County is a registered charity in United States, based in Nevada City, CA. It received its IRS tax-exemption ruling in February 1972, 54 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 Libraries of Nevada County reported income of $69k and spending of $54k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $203k to $69k (-66%), an average of -66% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 36% 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 Libraries of Nevada County sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include International Order of the Rainbow Girls ($69k), Four Communities Fire Department ($69k) and East Alabama Group Home Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $279k against liabilities of $0, net assets of $279k.