Friends of Los Alamos County Libraries

Analysis

Friends of Los Alamos County Libraries is a registered charity in United States, based in Los Alamos, NM. It received its IRS tax-exemption ruling in January 1979, 47 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, Friends of Los Alamos County Libraries reported income of $71k and spending of $50k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $71k (+13%), an average of +14% a year. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Los Alamos County Libraries sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 24th percentile within NM. Charities of a similar size with the same main cause include Seal Family Legacy Inc ($71k), Gujarati Samaj Chicago ($71k) and Metzger Community Preschool ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.6% of the total. At year end it held assets of $391k against liabilities of $0, net assets of $391k.