Riverside Public Library Foundation

Analysis

Riverside Public Library Foundation is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in October 1999, 27 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, Riverside Public Library Foundation reported income of $146k and spending of $502k, spending 343% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $159k to $146k (-7.7%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 243%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Riverside Public Library Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Parent Booster USA Inc ($146k), Feliks Konarski Language School NFP ($146k) and Real People Media Inc ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $25k. At year end it held assets of $1.1m against liabilities of $282k, net assets of $784k. It reported 1 employees.