Friends of the Fallbrook Library

Analysis

Friends of the Fallbrook Library is a registered charity in United States, based in Fallbrook, CA. It received its IRS tax-exemption ruling in December 1975, 51 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 April 2024, Friends of the Fallbrook Library reported income of $156k and spending of $87k, leaving 44% of income unspent that year. Across the 5 years on record, from April 2020 to April 2024, income grew from $136k to $156k (+15%), an average of +3.5% a year. The sharpest change came in the year to April 2023, when income rose by 43%. Over the whole period it spent 54% 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 Fallbrook Library sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include BBCHS Academic Foundation Ltd ($156k), Montessori Christian Academy ($156k) and Ibew Local No 99 Scholarship Educational Fund ($156k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 34% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.