Friends of the Saratoga Libraries

Analysis

Friends of the Saratoga Libraries is a registered charity in United States, based in Saratoga, CA. It received its IRS tax-exemption ruling in October 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 June 2024, Friends of the Saratoga Libraries reported income of $209k and spending of $115k, leaving 45% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $154k to $209k (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 69% 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 Saratoga Libraries sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Dinosaur Hill Nature Preserve Inc ($209k), Cochran Villa Inc ($209k) and Hudson Area Swim Association Inc ($209k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% of the total. At year end it held assets of $796k against liabilities of $0, net assets of $796k.