Friends of Westwood Library a Branch of L a Public Library

Analysis

Friends of Westwood Library a Branch of L a Public Library is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 2004, 22 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, Friends of Westwood Library a Branch of L a Public Library reported income of $50k and spending of $31k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $149k to $50k (-66%), an average of -66% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Westwood Library a Branch of L a Public Library sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within CA. Charities of a similar size with the same main cause include Reno High Booster Club ($50k), Cisd Educational Support Groups Inc ($50k) and Pearl R Miller Home and Schoolassociation a NJ Nonprofit Corp ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $480k against liabilities of $959, net assets of $479k.