Friends Investing in Sacramento Public Library

Analysis

Friends Investing in Sacramento Public Library is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends Investing in Sacramento Public Library reported income of $425k and spending of $21k, leaving 95% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.2m to $425k (-65%), an average of -30% a year. The sharpest change came in the year to December 2023, when income rose by 202%. Over the whole period it spent 7.8% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends Investing in Sacramento Public Library sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include City Innovation School Inc ($425k), Creative Strategies for Change ($425k) and Sapphire Early Learning Center ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $2.2m against liabilities of $125k, net assets of $2.1m.