The New Friends of the Beaverton City Library

Analysis

The New Friends of the Beaverton City Library is a registered charity in United States, based in Beaverton, OR. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, The New Friends of the Beaverton City Library reported income of $301k and spending of $303k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $215k to $301k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The New Friends of the Beaverton City Library sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within OR. Charities of a similar size with the same main cause include Cal Sailing Club ($301k), The Dream Center ($301k) and PCL Foundation ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Other salaries and wages came to $74k. At year end it held assets of $78k against liabilities of $0, net assets of $78k. It reported 3 employees.