Foundation for San Luis Obispo County Public Libraries

Analysis

Foundation for San Luis Obispo County Public Libraries is a registered charity in United States, based in SN Luis Obisp, CA. It received its IRS tax-exemption ruling in July 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 June 2024, Foundation for San Luis Obispo County Public Libraries reported income of $178k and spending of $165k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $64k to $178k (+179%), an average of +29% a year. The sharpest change came in the year to June 2022, when income rose by 5520%. Over the whole period it spent 13% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for San Luis Obispo County Public Libraries sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Platte Valley Literacy Association ($178k), Parent Booster USA Inc ($178k) and The Talbot County Free Library Foundation Inc ($178k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 26% of the total. At year end it held assets of $4.5m against liabilities of $600, net assets of $4.5m.