Friends of the Heritage Park Regional Library

Analysis

Friends of the Heritage Park Regional Library is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in September 1993, 33 years ago. 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 June 2024, Friends of the Heritage Park Regional Library reported income of $60k and spending of $15k, leaving 75% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $52k to $60k (+16%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 16%. 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 Heritage Park Regional Library sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Mi Casa Esperanza Inc ($60k), PTA Alabama Congress ($60k) and Habitat for Humanity International Inc ($60k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 81% of the total. At year end it held assets of $291k against liabilities of $0, net assets of $291k.