Friends of the Danville Library

Analysis

Friends of the Danville Library is a registered charity in United States, based in Danville, CA. It received its IRS tax-exemption ruling in March 1967, 59 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 May 2024, Friends of the Danville Library reported income of $124k and spending of $87k, leaving 30% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $54k to $124k (+130%), an average of +130% a year. The sharpest change came in the year to May 2024, when income rose by 130%. Over the whole period it spent 68% 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 Danville Library sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Immanuel Counseling Ministries Inc ($124k), Riverbay Fund Inc ($124k) and Coalicion de Lideres Latinos Inc ($124k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 59% and program service revenue 40% of the total. At year end it held assets of $155k against liabilities of $0, net assets of $155k.