Friends of Bolinas Stinson Beach Libraries

Analysis

Friends of Bolinas Stinson Beach Libraries is a registered charity in United States, based in Stinson Beach, CA. It received its IRS tax-exemption ruling in October 1981, 45 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 December 2023, Friends of Bolinas Stinson Beach Libraries reported income of $68k and spending of $49k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $64k to $68k (+6.5%), an average of +1.6% a year. The sharpest change came in the year to December 2023, when income rose by 79%. 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 Bolinas Stinson Beach Libraries sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Flynn Christian Fellowship Houses of Goldsboro North Carolina Inc ($68k), Zion Evangelical Lutheran Churchmemorial Foundation of Buffa ($68k) and Friends of Cameron Senior Center ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. At year end it held assets of $498k against liabilities of $7,232, net assets of $491k.