California State Library Foundation

Analysis

California State Library Foundation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in May 1982, 44 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, California State Library Foundation reported income of $600k and spending of $483k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $412k to $600k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2021, when income rose by 200%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, California State Library Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Lutheran Home Hickory Property Inc ($600k), Christian Services to the Elderly Inc ($600k) and Santa Ynez Valley Senior Advisory Council ($600k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $103k (21% of expenses). Other salaries and wages came to $70k. At year end it held assets of $9.0m against liabilities of $95k, net assets of $8.9m. It reported 3 employees.