Friends of Corpus Christi Public Libraries

Analysis

Friends of Corpus Christi Public Libraries is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in February 1959, 67 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 December 2023, Friends of Corpus Christi Public Libraries reported income of $125k and spending of $114k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $413k to $125k (-70%), an average of -26% a year. The sharpest change came in the year to December 2022, when income rose by 294%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Corpus Christi Public Libraries sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Los Angeles Pediatric Society Inc ($125k), Little League Baseball Inc ($125k) and Beaverton Symphony Orchestra ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $535k against liabilities of $0, net assets of $535k.