The Friends of the Oakland Public Library

Analysis

The Friends of the Oakland Public Library is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in March 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 September 2023, The Friends of the Oakland Public Library reported income of $534k and spending of $604k, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $226k to $534k (+136%), an average of +24% a year. The sharpest change came in the year to September 2023, when income rose by 57%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Friends of the Oakland Public Library sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Partners in Action Inc ($534k), Tioga County Rural Ministry Inc ($534k) and Afcea Educational Foundation ($533k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $42k. At year end it held assets of $1.4m against liabilities of $983k, net assets of $403k. It reported 3 employees.