Friends of the Santa Barbara Public Library

Analysis

Friends of the Santa Barbara Public Library is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in June 1953, 73 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 2024, Friends of the Santa Barbara Public Library reported income of $86k and spending of $96k, spending 112% of what it took in. Across the 2 years on record, from September 2023 to September 2024, income fell from $116k to $86k (-26%), an average of -26% a year. The sharpest change came in the year to September 2024, when income dropped by 26%. Over the whole period it spent 102% 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 Santa Barbara Public Library sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Open Arms Community Inc ($86k), Snoqualmie Valley Schools Foundation ($86k) and The Frostburg Museum Assn Inc ($86k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 87% of the total. At year end it held assets of $251k against liabilities of $346, net assets of $251k.