Friends of the Oceanside Public Library

Analysis

Friends of the Oceanside Public Library is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in February 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Oceanside Public Library reported income of $153k and spending of $170k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $199k to $153k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 92% 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 Oceanside Public Library sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Assyrian American National Federation Incorporated ($153k), Governor John Sevier Memorial Association ($153k) and Brooklyn Pre-School Inc ($153k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $224k against liabilities of $0, net assets of $224k.