Friends of the Merced County Public Library

Analysis

Friends of the Merced County Public Library is a registered charity in United States, based in Merced, CA. It received its IRS tax-exemption ruling in August 1974, 52 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of the Merced County Public Library reported income of $76k and spending of $120k, spending 156% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $45k to $76k (+71%), an average of +70% a year. The sharpest change came in the year to June 2023, when income rose by 71%. Over the whole period it spent 122% 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 Merced County Public Library sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Rotary Service Fund of Burlingame California ($76k), Genesee Hill School PTA ($76k) and Texas Police Athletic Federation ($76k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.