Friends of the Alameda Free Library Inc

Analysis

Friends of the Alameda Free Library Inc is a registered charity in United States, based in Alameda, CA. It received its IRS tax-exemption ruling in June 1975, 51 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 December 2023, Friends of the Alameda Free Library Inc reported income of $531k and spending of $175k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $158k to $531k (+237%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 185%. Over the whole period it spent 40% 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 Alameda Free Library Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Montgomery County Association for the Blind Inc ($531k), Community for Youth ($531k) and New Hope Arts Inc ($531k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Other salaries and wages came to $61k. At year end it held assets of $2.7m against liabilities of $605, net assets of $2.7m. It reported 1 employees.