Paso Robles Library Foundation

Analysis

Paso Robles Library Foundation is a registered charity in United States, based in Paso Robles, CA. It received its IRS tax-exemption ruling in April 1998, 28 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, Paso Robles Library Foundation reported income of $66k and spending of $78k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $423k to $66k (-84%), an average of -37% a year. The sharpest change came in the year to December 2021, when income dropped by 78%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Paso Robles Library Foundation sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Lake Stevens Rotary Charitable Foundation ($66k), J C Movement Inc ($66k) and Lone Star Education FDN ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $1.6m against liabilities of $177, net assets of $1.6m.