Mill Valley Public Library Foundation

Analysis

Mill Valley Public Library Foundation is a registered charity in United States, based in Mill Valley, CA. It received its IRS tax-exemption ruling in December 1983, 43 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 September 2023, Mill Valley Public Library Foundation reported income of $2.6m and spending of $167k, leaving 94% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $780k to $2.6m (+231%), an average of +35% a year. The sharpest change came in the year to September 2023, when income rose by 520%. Over the whole period it spent 17% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mill Valley Public Library Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Society of Woman Geographers ($2.6m), Saratoga Independent School Inc ($2.6m) and Presbyterian Services for the Elderly Inc ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $5.2m against liabilities of $0, net assets of $5.2m.