Friends of the Millbrae Public Library

Analysis

Friends of the Millbrae Public Library is a registered charity in United States, based in Millbrae, CA. It received its IRS tax-exemption ruling in March 1989, 37 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 June 2024, Friends of the Millbrae Public Library reported income of $122k and spending of $334k, spending 274% of what it took in. Across the 6 years on record, from August 2019 to June 2024, income grew from $107k to $122k (+13%), an average of +2.6% a year. The sharpest change came in the year to June 2023, when income rose by 171%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Millbrae Public Library sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Palm Springs Womans Club ($122k), Action Youth and Community Resources Inc ($122k) and PTA Texas Congress ($122k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 14% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.