Friends of the Encinitas Library

Analysis

Friends of the Encinitas Library is a registered charity in United States, based in Encinitas, CA. It received its IRS tax-exemption ruling in December 1980, 46 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 December 2023, Friends of the Encinitas Library reported income of $135k and spending of $145k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $174k to $135k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 74% 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 Encinitas Library sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Road Runners Club of America ($135k), Phyllis Madeleine Winings Trust ($135k) and Ace Mentor Program of America Inc ($135k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 86% of the total. At year end it held assets of $540k against liabilities of $0, net assets of $540k.