Friends of Shasta County Libraries

Analysis

Friends of Shasta County Libraries is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in March 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Shasta County Libraries reported income of $81k and spending of $58k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $81k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Shasta County Libraries sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Nap Educational Foundation ($81k), West Ottawa Music Boosters ($81k) and Pop Warner Little Scholars Inc ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $127k against liabilities of $302, net assets of $127k.