Chico Friends of the Butte County Library

Analysis

Chico Friends of the Butte County Library is a registered charity in United States, based in Chico, CA. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Chico Friends of the Butte County Library reported income of $168k and spending of $81k, leaving 52% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $120k to $168k (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chico Friends of the Butte County Library sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Alexander Christian Foundation Inc ($168k), Rocky Mountain Performance Excellence LL ($168k) and Washington High School Alumni Association of Massillon ($168k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 39% and program service revenue 34% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.