Friends of the Marina Library

Analysis

Friends of the Marina Library is a registered charity in United States, based in Marina, CA. It received its IRS tax-exemption ruling in November 1991, 35 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 Marina Library reported income of $152k and spending of $96k, leaving 37% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $102k to $152k (+49%), an average of +22% a year. The sharpest change came in the year to June 2023, when income dropped by 100%. Over the whole period it spent 61% 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 Marina Library sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Charleroi Area Public Library Inc ($152k), Homedale Senior Citizens Inc 224 W Idaho St ($152k) and Stanberry Independent Living Corporation ($152k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 31% and program service revenue 2.0% of the total. At year end it held assets of $333k against liabilities of $0, net assets of $333k.