Friends of the Lafayette Library and Learning Center

Analysis

Friends of the Lafayette Library and Learning Center is a registered charity in United States, based in Lafayette, CA. It received its IRS tax-exemption ruling in May 1966, 60 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 2024, Friends of the Lafayette Library and Learning Center reported income of $177k and spending of $180k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $131k to $177k (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 138%. Over the whole period it spent 93% 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 Lafayette Library and Learning Center sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Legatus ($177k), Miraleste Intermediate School ($177k) and Wesley Chapel Elementary PTO ($177k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $472k against liabilities of $42k, net assets of $430k.