Friends of the Half Moon Bay Library

Analysis

Friends of the Half Moon Bay Library is a registered charity in United States, based in Half Moon Bay, CA. It received its IRS tax-exemption ruling in March 2004, 22 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 June 2024, Friends of the Half Moon Bay Library reported income of $59k and spending of $61k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2024, income fell from $353k to $59k (-83%), an average of -36% a year. The sharpest change came in the year to June 2022, when income rose by 114%. Over the whole period it spent 100% 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 Half Moon Bay Library 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 23rd percentile, and in the 25th percentile within CA. Charities of a similar size with the same main cause include Merced County Education Foundation ($59k), Nineteenth-Century Studies Association Inc ($59k) and Aamu Magic City Metro Alumni Chapter ($59k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 67% of the total. At year end it held assets of $146k against liabilities of $0, net assets of $146k.