Friends of the Stockton Public Library

Analysis

Friends of the Stockton Public Library is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in June 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 December 2023, Friends of the Stockton Public Library reported income of $148k and spending of $139k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $150k to $148k (-1.5%), an average of -1.5% a year. Over the whole period it spent 91% 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 Stockton Public Library sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Vows Inc ($148k), Whole Heart International ($148k) and 2nd Chance Outreach Ministries ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.6% of the total. At year end it held assets of $193k against liabilities of $0, net assets of $193k.