Friends of the Mountain View Library

Analysis

Friends of the Mountain View Library is a registered charity in United States, based in Mountain View, CA. It received its IRS tax-exemption ruling in February 1974, 52 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 June 2024, Friends of the Mountain View Library reported income of $107k and spending of $86k, spending 80% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $197k to $107k (-46%), an average of -14% a year. The sharpest change came in the year to June 2022, when income rose by 1030%. Over the whole period it spent 81% 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 Mountain View Library sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Friends of the Lynchburg Public Library ($107k), City Wide Club of Clubs ($107k) and United Fund of Fairmont Inc ($107k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% of the total. At year end it held assets of $225k against liabilities of $553, net assets of $224k.