Cupertino Library Foundation

Analysis

Cupertino Library Foundation is a registered charity in United States, based in Cupertino, CA. It received its IRS tax-exemption ruling in July 1994, 32 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 December 2023, Cupertino Library Foundation reported income of $50k and spending of $232k, spending 461% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $108k to $50k (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 672%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cupertino Library Foundation sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within CA. Charities of a similar size with the same main cause include Georgetown Historical Society ($50k), Georgia Extension 4-H Foundation ($50k) and PTA California Congress of Parents Teachers & Students Inc ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $2.2m against liabilities of $1,399, net assets of $2.2m.