Friends of Walnut Creek Library

Analysis

Friends of Walnut Creek Library is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 March 2024, Friends of Walnut Creek Library reported income of $53k and spending of $66k, spending 126% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income fell from $57k to $53k (-7.4%), an average of -7.4% a year. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Walnut Creek Library sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Brooks School PTO ($53k), Albion Area Public Library ($53k) and Law Enforcement Bicycle Association Inc ($53k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 16% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.