Menlo Park Library Foundation

Analysis

Menlo Park Library Foundation is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Menlo Park Library Foundation reported income of $57k and spending of $312k, spending 546% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $63k to $57k (-9.5%), an average of -2.5% a year. The sharpest change came in the year to December 2022, when income rose by 245%. Over the whole period it spent 130% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Menlo Park Library Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Fob Canam Inc ($57k), Robert J McGarvey Elementary Parent Faculty Organization ($57k) and Hamilton Parent Action Committee ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. It paid $120 in professional fundraising fees. At year end it held assets of $245k against liabilities of $0, net assets of $245k.