Friends of the Bancroft Library

Analysis

Friends of the Bancroft Library is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in March 1960, 66 years ago. 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 2023, Friends of the Bancroft Library reported income of $298k and spending of $247k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $324k to $298k (-7.9%), an average of -2.0% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 94% 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 Bancroft Library sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Unity Volunteer Ambulance Corp ($298k), Framingham Historical and Natural History Society ($298k) and Norfolk Senior Housing Corporation ($298k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $667k against liabilities of $0, net assets of $667k.