Simi Valley Friends of the Library Inc

Analysis

Simi Valley Friends of the Library Inc is a registered charity in United States, based in Simi Valley, CA. It received its IRS tax-exemption ruling in February 1985, 41 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 December 2023, Simi Valley Friends of the Library Inc reported income of $68k and spending of $55k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $68k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Simi Valley Friends of the Library Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Iowa Quality Center Inc ($68k), United Relief and Charities Foundation ($68k) and Mare Scholarship Fund ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 78% of the total. At year end it held assets of $227k against liabilities of $0, net assets of $227k.