Pacific Grove Public Library Friends and Foundation

Analysis

Pacific Grove Public Library Friends and Foundation is a registered charity in United States, based in Pacific Grove, CA. It received its IRS tax-exemption ruling in August 1985, 41 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, Pacific Grove Public Library Friends and Foundation reported income of $259k and spending of $109k, leaving 58% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $341k to $259k (-24%), an average of -8.7% a year. The sharpest change came in the year to December 2022, when income rose by 440%. Over the whole period it spent 26% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pacific Grove Public Library Friends and Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Ankeny Athletic Booster Club ($259k), Fostering Unity ($259k) and Wyoming School Foundation ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 142% of the total. At year end it held assets of $1.5m against liabilities of $105, net assets of $1.5m.