Friends of LA Jolla Branch Library

Analysis

Friends of LA Jolla Branch Library is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in January 1982, 44 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 LA Jolla Branch Library reported income of $106k and spending of $63k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $100k to $106k (+6.6%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 264%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of LA Jolla Branch Library sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Bgood ($106k), New Life Center United Pentecostal Church ($106k) and PTA California Congress of Patents Teachers & Students Inc ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.