Friends of the Palo Alto Public Library

Analysis

Friends of the Palo Alto Public Library is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in August 1967, 59 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, Friends of the Palo Alto Public Library reported income of $450k and spending of $407k, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $333k to $450k (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Palo Alto Public Library sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Gordon a Rich Memorial Foundation ($450k), Abington Library Society Inc ($450k) and 826 MSP ($450k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.8% and program service revenue 6.0% of the total. Other salaries and wages came to $76k. At year end it held assets of $618k against liabilities of $23k, net assets of $595k. It reported 1 employees.