San Buenaventura Friends of the Library

Analysis

San Buenaventura Friends of the Library is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in January 1978, 48 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, San Buenaventura Friends of the Library reported income of $79k and spending of $35k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $107k to $79k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2021, when income dropped by 37%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, San Buenaventura Friends of the Library sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include New Pathways Tech Inc ($79k), Wildflower Foundation ($79k) and Monte Vista Blue Jays Inc ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $662k against liabilities of $0, net assets of $662k.