The Friends of the Redwood City Pub Lic Library Inc

Analysis

The Friends of the Redwood City Pub Lic Library Inc is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in January 2015, 11 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 August 2024, The Friends of the Redwood City Pub Lic Library Inc reported income of $114k and spending of $105k, spending 92% of its income. Across the 3 years on record, from August 2022 to August 2024, income grew from $67k to $114k (+71%), an average of +31% a year. The sharpest change came in the year to August 2023, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Friends of the Redwood City Pub Lic Library Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Yellow Jacket Booster Club ($114k), African Centres for Lightning and Electromagnetics Network Inc ($114k) and Happy Little World Association ($114k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 13% and program service revenue 64% of the total. At year end it held assets of $289k against liabilities of $0, net assets of $289k.