Friends of Laguna Beach Library

Analysis

Friends of Laguna Beach Library is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in December 1981, 45 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends of Laguna Beach Library reported income of $69k and spending of $67k, spending 97% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $39k to $69k (+77%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 58%. 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 Laguna Beach Library sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Erie County Community Residential Project Inc ($69k), Endowment and Development Fund of the International Brotherhood of M ($69k) and Manna Mission Inc ($69k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 11% of the total. At year end it held assets of $248k against liabilities of $0, net assets of $248k.