Friends of the Burbank Public Library

Analysis

Friends of the Burbank Public Library is a registered charity in United States, based in Burbank, CA. It received its IRS tax-exemption ruling in February 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 June 2023, Friends of the Burbank Public Library reported income of $124k and spending of $82k, leaving 33% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $426k to $124k (-71%), an average of -34% a year. The sharpest change came in the year to June 2022, when income rose by 409%. Over the whole period it spent 35% 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 Burbank Public Library sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Senior Resources of Broomfield Inc ($124k), Kouts High School Memorial Scholarship Fund ($124k) and Riverbay Fund Inc ($124k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $1.2m against liabilities of $880, net assets of $1.2m.