Friends of the Laguna Niguel Library

Analysis

Friends of the Laguna Niguel Library is a registered charity in United States, based in Laguna Niguel, CA. It received its IRS tax-exemption ruling in March 1995, 31 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 Laguna Niguel Library reported income of $73k and spending of $33k, leaving 55% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $73k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 39% 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 Laguna Niguel Library sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Birdville Choir Boosters Inc ($73k), Creative Educational Consultants ($73k) and Warren Warrior Band Boosters Inc ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% of the total. At year end it held assets of $291k against liabilities of $0, net assets of $291k.