Friends of the Sacramento Public Library

Analysis

Friends of the Sacramento Public Library is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in January 1985, 41 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 the Sacramento Public Library reported income of $732k and spending of $740k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $721k to $732k (+1.6%), an average of +0.4% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 137% 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 Sacramento Public Library sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include First United Methodist Church of Hot Spings Child Development ($732k), The Investors Academy Inc ($732k) and Central Nursery School ($732k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 63% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.