San Mateo Public Library Foundation

Analysis

San Mateo Public Library Foundation is a registered charity in United States, based in San Mateo, CA. It received its IRS tax-exemption ruling in October 1994, 32 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, San Mateo Public Library Foundation reported income of $338k and spending of $306k, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $940k to $338k (-64%), an average of -18% a year. The sharpest change came in the year to June 2020, when income dropped by 50%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Mateo Public Library Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($338k), National Church Residences ($338k) and Parent Teacher Organization of Goddard ($338k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $73k. At year end it held assets of $1.5m against liabilities of $954, net assets of $1.5m. It reported 2 employees.