Friends of the Santa Cruz Public Libraries Inc

Analysis

Friends of the Santa Cruz Public Libraries Inc is a registered charity in United States, based in Santa Cruz, CA. It received its IRS tax-exemption ruling in November 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. 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 the Santa Cruz Public Libraries Inc reported income of $498k and spending of $340k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $498k (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 63% 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 Santa Cruz Public Libraries Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Petra Cares ($498k), The Southern Association for College Admission Counseling ($498k) and Kitty Bungalow ($498k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $90k (26% of expenses). At year end it held assets of $2.1m against liabilities of $1,668, net assets of $2.1m. It reported 1 employees.