Placentia Library Friends Foundation

Analysis

Placentia Library Friends Foundation is a registered charity in United States, based in Placentia, CA. It received its IRS tax-exemption ruling in February 1972, 54 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 June 2024, Placentia Library Friends Foundation reported income of $87k and spending of $166k, spending 192% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income fell from $112k to $87k (-23%), an average of -8.2% a year. The sharpest change came in the year to June 2022, when income dropped by 35%. Over the whole period it spent 177% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Placentia Library Friends Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Lakewood High School Foundation ($87k), Urban Montessori Institute of Saint Louis ($87k) and F a C E S Northwest ($87k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 35% and program service revenue 21% of the total. At year end it held assets of $159k against liabilities of $0, net assets of $159k.