Friends of the Pasadena Public Library

Analysis

Friends of the Pasadena Public Library is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in June 1976, 50 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 June 2024, Friends of the Pasadena Public Library reported income of $657k and spending of $597k, spending 91% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $60k to $657k (+1001%), an average of +1001% a year. The sharpest change came in the year to June 2024, when income rose by 1001%. Over the whole period it spent 98% 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 Pasadena Public Library sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include J Warren & Lois McClure Foundation Inc ($657k), Math-Science Nucleus ($657k) and Transition Academy ($657k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. At year end it held assets of $234k against liabilities of $0, net assets of $234k.