Friends of the Huntington Beach Public Library

Analysis

Friends of the Huntington Beach Public Library is a registered charity in United States, based in Huntingtn BCH, CA. It received its IRS tax-exemption ruling in April 1972, 54 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 Huntington Beach Public Library reported income of $729k and spending of $548k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $322k to $729k (+127%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 194%. Over the whole period it spent 52% 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 Huntington Beach Public Library sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Dayspring Christian Schools Inc ($729k), Montessori School of Pawleys Island ($730k) and Ireton Society for Christian Instruction ($729k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 1.7% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.