Friends of the Lompoc Public Library System

Analysis

Friends of the Lompoc Public Library System is a registered charity in United States, based in Lompoc, CA. It received its IRS tax-exemption ruling in June 1993, 33 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 June 2024, Friends of the Lompoc Public Library System reported income of $221k and spending of $200k, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2024, income grew from $110k to $221k (+101%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 167%. Over the whole period it spent 113% 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 Lompoc Public Library System sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Scipp International ($221k), Avalon Public Library ($221k) and Bad Girl Ventures Inc ($221k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $190k against liabilities of $0, net assets of $190k.