Friends of the Mill Valley Library

Analysis

Friends of the Mill Valley Library is a registered charity in United States, based in Mill Valley, CA. It received its IRS tax-exemption ruling in January 1968, 58 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 Mill Valley Library reported income of $133k and spending of $25k, leaving 81% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $149k to $133k (-11%), an average of -11% a year. Over the whole period it spent 23% 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 Mill Valley Library sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Sonoma Petaluma Parks Inc ($133k), Lynn Sowers Memorial Foundation Inc ($133k) and Little League Baseball Inc ($133k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 24% of the total. At year end it held assets of $293k against liabilities of $0, net assets of $293k.