Menlo Park Friends of the Library

Analysis

Menlo Park Friends of the Library is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in November 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Menlo Park Friends of the Library reported income of $165k and spending of $60k, leaving 64% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $132k to $165k (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2022, when income rose by 940%. Over the whole period it spent 122% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Menlo Park Friends of the Library sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Academics Without Borders ($165k), New York State Council on Leadership and Student Activities ($165k) and Geneva Library Foundation ($165k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.1% and program service revenue 0.4% of the total. At year end it held assets of $616k against liabilities of $0, net assets of $616k.