Friends of the Morgan Hill Library

Analysis

Friends of the Morgan Hill Library is a registered charity in United States, based in Morgan Hill, CA. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Morgan Hill Library reported income of $55k and spending of $24k, leaving 56% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $44k to $55k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 43% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Morgan Hill Library sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Lilly-Washington Public Library Association ($55k), Fallbrook School Parent Teacher Organization Incorporated ($55k) and PTA Public School 58 SS Columbia ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 79% of the total. At year end it held assets of $175k against liabilities of $0, net assets of $175k.