Friends of the Truckee Library Inc

Analysis

Friends of the Truckee Library Inc is a registered charity in United States, based in Truckee, CA. It received its IRS tax-exemption ruling in September 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 (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 Truckee Library Inc reported income of $546k and spending of $157k, leaving 71% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $348k to $546k (+57%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 27% 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 Truckee Library Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Kirkland Town Library ($546k), Tree House Hollow Preschool ($547k) and Educational Services Hawaii Foundation ($546k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $98k (62% of expenses). At year end it held assets of $1.2m against liabilities of $7,139, net assets of $1.1m. It reported 1 employees.