Friends of the Mission Viejo Library

Analysis

Friends of the Mission Viejo Library is a registered charity in United States, based in Mission Viejo, CA. It received its IRS tax-exemption ruling in July 1993, 33 years ago. 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 June 2023, Friends of the Mission Viejo Library reported income of $157k and spending of $131k, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $117k to $157k (+34%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 285%. Over the whole period it spent 96% 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 Mission Viejo Library sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Justice High School Athletic Booster Club ($157k), Mount Morris Library ($157k) and Open Door Community Center Inc ($157k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. At year end it held assets of $216k against liabilities of $0, net assets of $216k.