Friends of the Milpitas Community Library

Analysis

Friends of the Milpitas Community Library is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in June 1984, 42 years ago. 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 December 2023, Friends of the Milpitas Community Library reported income of $62k and spending of $56k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $62k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 96% 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 Milpitas Community Library sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Willow Creek-China Flat Museum ($62k), PTA Texas Congress ($62k) and National Catholic Assoc of Diocesan Directors of Hispanic Ministry ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 96% of the total. At year end it held assets of $161k against liabilities of $0, net assets of $161k.