Friends of the Temecula Library

Analysis

Friends of the Temecula Library is a registered charity in United States, based in Temecula, CA. It received its IRS tax-exemption ruling in June 1979, 47 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Temecula Library reported income of $121k and spending of $103k, spending 86% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $119k to $121k (+1.7%), an average of +0.6% a year. The sharpest change came in the year to December 2022, when income rose by 106%. Over the whole period it spent 87% 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 Temecula Library sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include American Society of Papyrologists ($121k), Steilacoom Historical Museum Assn Inc ($121k) and Tallahassee Bach Parley Inc ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 51% of the total. At year end it held assets of $415k against liabilities of $0, net assets of $415k.