Friends of the Library of Escondido

Analysis

Friends of the Library of Escondido is a registered charity in United States, based in Escondido, CA. It received its IRS tax-exemption ruling in June 1973, 53 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 September 2023, Friends of the Library of Escondido reported income of $65k and spending of $33k, leaving 49% of income unspent that year. Across the 6 years on record, from September 2018 to September 2023, income fell from $69k to $65k (-5.8%), an average of -1.2% a year. The sharpest change came in the year to September 2022, when income rose by 167%. Over the whole period it spent 77% 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 Library of Escondido sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Summerville Parent Nursery School ($65k), Council on Forest Engineering ($65k) and The Old West End Association Inc ($65k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.3% and program service revenue 95% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.