Redwood City Library Foundation

Analysis

Redwood City Library Foundation is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in October 1998, 28 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, Redwood City Library Foundation reported income of $187k and spending of $305k, spending 163% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $351k to $187k (-47%), an average of -15% a year. The sharpest change came in the year to June 2024, when income dropped by 33%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Redwood City Library Foundation 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 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include SRCC Scholarship Fund ($187k), Coulson Tough School PTO ($187k) and Indus Center for Academic Excellence ($186k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $86k (28% of expenses). Other salaries and wages came to $15k. At year end it held assets of $347k against liabilities of $7,671, net assets of $339k. It reported 3 employees.