Friends of the Santa Fe Public Library Inc

Analysis

Friends of the Santa Fe Public Library Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in September 1975, 51 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 Santa Fe Public Library Inc reported income of $352k and spending of $246k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $286k to $352k (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 174%. Over the whole period it spent 80% 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 Santa Fe Public Library Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NM. Charities of a similar size with the same main cause include PTA New Jersey Congress of Parents & Teachers ($352k), Tabernacle Rescue Squad Inc ($352k) and Mineola Kindness Kottage Inc ($352k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 3.4% of the total. At year end it held assets of $1.8m against liabilities of $4,881, net assets of $1.8m.