Friends of the Thousand Oaks Library

Analysis

Friends of the Thousand Oaks Library is a registered charity in United States, based in Thousand Oaks, CA. It received its IRS tax-exemption ruling in December 1966, 60 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 Thousand Oaks Library reported income of $282k and spending of $244k, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $192k to $282k (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 116%. Over the whole period it spent 92% 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 Thousand Oaks Library sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Center for Innovation in the Design and Construction Industry Foundat ($282k), Lyceum Inc ($282k) and Saint Michael Academy ($282k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.6% and program service revenue 90% of the total. At year end it held assets of $415k against liabilities of $0, net assets of $415k.