Mammoth Lakes Friends of the Library

Analysis

Mammoth Lakes Friends of the Library is a registered charity in United States, based in Mammoth Lakes, CA. It received its IRS tax-exemption ruling in September 2004, 22 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 September 2024, Mammoth Lakes Friends of the Library reported income of $80k and spending of $34k, leaving 58% of income unspent that year. Across the 2 years on record, from September 2023 to September 2024, income fell from $201k to $80k (-60%), an average of -60% a year. The sharpest change came in the year to September 2024, when income dropped by 60%. Over the whole period it spent 21% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mammoth Lakes Friends of the Library sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Association of Rochester Police & Area Law Enforcement Retirees Inc ($80k), Folger McKinsey Elementary Schoolpto ($80k) and Jewish Community Center Nursery School of State College Inc ($80k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 67% and program service revenue 1.1% of the total. At year end it held assets of $671k against liabilities of $0, net assets of $671k.