Friends of the Murrita Library

Analysis

Friends of the Murrita Library is a registered charity in United States, based in Murrieta, CA. It received its IRS tax-exemption ruling in January 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, Friends of the Murrita Library reported income of $163k and spending of $108k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $163k (+33%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 72% 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 Murrita Library sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Spalding Academy Endowment Foundation Inc ($163k), All Florida County Bail Bonds Association Inc ($163k) and North Central High School Alumni Association Educational Foundation ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. At year end it held assets of $503k against liabilities of $0, net assets of $503k.