Friends of the Poway Library

Analysis

Friends of the Poway Library is a registered charity in United States, based in Poway, CA. It received its IRS tax-exemption ruling in October 2024, 2 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, Friends of the Poway Library reported income of $77k and spending of $40k, leaving 48% of income unspent that year. Across the 3 years on record, from March 2019 to March 2024, income grew from $53k to $77k (+46%), an average of +21% a year. The sharpest change came in the year to March 2024, when income rose by 33%. Over the whole period it spent 85% 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 Poway Library sits at the 33rd percentile: it is larger than about 33% 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 Granite County Center Foundation ($77k), Lake Area Technical Institute Alumni Association ($77k) and Hispanic Contractors Association de San Antonio Inc ($77k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 5.6% of the total. At year end it held assets of $184k against liabilities of $0, net assets of $184k.