Friends of the South Pasadena Public Library Inc

Analysis

Friends of the South Pasadena Public Library Inc is a registered charity in United States, based in S Pasadena, CA. It received its IRS tax-exemption ruling in August 1988, 38 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 South Pasadena Public Library Inc reported income of $163k and spending of $105k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $187k to $163k (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 84% 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 South Pasadena Public Library Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Dumas Area Meals on Wheels Inc ($163k), STEM Advancement Inc ($163k) and Delaware County Youth Orchestra ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 49% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.