Friends of the San Marcos Public Library

Analysis

Friends of the San Marcos Public Library is a registered charity in United States, based in San Marcos, TX. It received its IRS tax-exemption ruling in January 1966, 60 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 July 2024, Friends of the San Marcos Public Library reported income of $54k and spending of $23k, leaving 58% of income unspent that year. Across the 5 years on record, from July 2019 to July 2024, income grew from $51k to $54k (+6.5%), an average of +1.6% a year. The sharpest change came in the year to July 2020, when income rose by 49%. Over the whole period it spent 325% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the San Marcos Public Library sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include Friends of the Foster City Library ($54k), Pawsitively Saving Animals From Euthanasia ($54k) and Louisiana Health Care Alliance Inc ($54k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 39% and program service revenue 22% of the total. At year end it held assets of $201k against liabilities of $316, net assets of $201k.