Friends of the Folsom Library

Analysis

Friends of the Folsom Library is a registered charity in United States, based in Folsom, CA. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Folsom Library reported income of $67k and spending of $43k, leaving 36% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $50k to $67k (+34%), an average of +34% a year. The sharpest change came in the year to June 2024, when income rose by 34%. Over the whole period it spent 93% 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 Folsom Library sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include All From the Heart Inc ($67k), North Scott Athletic Booster Club Incorporated ($67k) and SRKC Giving ($67k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. At year end it held assets of $84k against liabilities of $0, net assets of $84k.