Friends of the Sunnyvale Public Library Inc

Analysis

Friends of the Sunnyvale Public Library Inc is a registered charity in United States, based in Sunnyvale, CA. It received its IRS tax-exemption ruling in November 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 2023, Friends of the Sunnyvale Public Library Inc reported income of $112k and spending of $35k, leaving 69% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $127k to $112k (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 39% 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 Sunnyvale Public Library Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($112k), Playtime Preschool ($112k) and Flordia a & M University National Almumi Association Inc ($112k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.