Marin County Library Foundation

Analysis

Marin County Library Foundation is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in October 1987, 39 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 June 2023, Marin County Library Foundation reported income of $69k and spending of $86k, spending 124% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $244k to $69k (-72%), an average of -34% a year. The sharpest change came in the year to June 2022, when income dropped by 87%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marin County Library Foundation sits at the 27th percentile: it is larger than about 27% 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 PTA Delaware Congress ($69k), PTA California Congress of Parents Teachers & Students Inc ($69k) and Little League Baseball Inc ($69k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $816k against liabilities of $0, net assets of $816k.