Friends of the Sausalito Public Library

Analysis

Friends of the Sausalito Public Library is a registered charity in United States, based in Sausalito, CA. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Sausalito Public Library reported income of $90k and spending of $109k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $212k to $90k (-58%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Sausalito Public Library sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Marblehead High School Parents Council ($90k), Missouri Retired Teachers Foundation ($90k) and Amhe Incorporated-New York Chapter ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $522k against liabilities of $0, net assets of $522k.