Foundation for San Mateo County Libraries

Analysis

Foundation for San Mateo County Libraries is a registered charity in United States, based in San Mateo, CA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, Foundation for San Mateo County Libraries reported income of $183k and spending of $96k, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $152k to $183k (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2022, when income rose by 120%. Over the whole period it spent 49% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Foundation for San Mateo County Libraries sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Uco Inc ($183k), For Good Movement Inc ($183k) and Business & Consumer FNDTN of the Better BSNSS Bureau of the Denver ($183k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $515k against liabilities of $0, net assets of $515k.