Friends of the Orcutt Library

Analysis

Friends of the Orcutt Library is a registered charity in United States, based in Santa Maria, CA. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Friends of the Orcutt Library reported income of $59k and spending of $52k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $2.2m to $59k (-97%), an average of -84% a year. The sharpest change came in the year to December 2022, when income dropped by 90%. Over the whole period it spent 7.4% 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 Orcutt Library sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include Giddings Athletic Booster Club Inc ($59k), Constable Percy Medina Memorial Scholarship Fund ($59k) and District 75 PTO ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 12% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.