The Friends of the Cupertino Library

Analysis

The Friends of the Cupertino Library is a registered charity in United States, based in Cupertino, CA. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 March 2024, The Friends of the Cupertino Library reported income of $57k and spending of $41k, leaving 28% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $39k to $57k (+45%), an average of +45% a year. The sharpest change came in the year to March 2024, when income rose by 45%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Friends of the Cupertino Library 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 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Clay Irrv TR 08282015 Fbo St Albans Episcopal Church ($57k), Hispanic Sports Foundation for Education Inc ($57k) and Switzer Elementary Parent Teacher Organization ($57k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 21% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.