Friends of the Orinda Library Inc

Analysis

Friends of the Orinda Library Inc is a registered charity in United States, based in Orinda, CA. It received its IRS tax-exemption ruling in October 1961, 65 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 December 2023, Friends of the Orinda Library Inc reported income of $100k and spending of $372k, spending 370% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $77k to $100k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2022, when income rose by 153%. Over the whole period it spent 397% 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 Orinda Library Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Little League Baseball Inc ($100k), Foundation for Health Research ($100k) and Hillsdale County Council for Prevention of Child Abuse and Negl ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 54% of the total. At year end it held assets of $5.6m against liabilities of $0, net assets of $5.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.