Friends of the Los Gatos Public Library

Analysis

Friends of the Los Gatos Public Library is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in August 1994, 32 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 June 2024, Friends of the Los Gatos Public Library reported income of $74k and spending of $99k, spending 134% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $90k to $74k (-18%), an average of -18% a year. The sharpest change came in the year to June 2024, when income dropped by 18%. Over the whole period it spent 112% 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 Los Gatos Public Library sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Mid-America Association for Computers in Education ($74k), Lincoln County Library Foundation Inc ($74k) and Blackhawk School District Educational Foundation ($74k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 44% of the total. At year end it held assets of $122k against liabilities of $205, net assets of $121k.