Friends of the Atascadero Library

Analysis

Friends of the Atascadero Library is a registered charity in United States, based in Atascadero, CA. It received its IRS tax-exemption ruling in July 1984, 42 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 June 2024, Friends of the Atascadero Library reported income of $53k and spending of $27k, leaving 50% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $83k to $53k (-36%), an average of -10% a year. The sharpest change came in the year to June 2021, when income rose by 181%. Over the whole period it spent 38% 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 Atascadero Library sits at the 20th 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 23rd percentile within CA. Charities of a similar size with the same main cause include PTA Florida Congress ($53k), Florence Senior Community Center ($53k) and Auxiliary of the Hudson Valley Hospital Center at Peekskill-Cortl ($53k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.1% and program service revenue 18% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.