Friends of the Paso Robles Public Library

Analysis

Friends of the Paso Robles Public Library is a registered charity in United States, based in Paso Robles, CA. It received its IRS tax-exemption ruling in October 1981, 45 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 2024, Friends of the Paso Robles Public Library reported income of $117k and spending of $15k, leaving 87% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $56k to $117k (+108%), an average of +108% a year. The sharpest change came in the year to June 2024, when income rose by 108%. Over the whole period it spent 10% 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 Paso Robles Public Library sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Potomac Area Hostels ($117k), Traction ($117k) and Phi Upsilon Omicron Inc ($117k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 13% of the total. At year end it held assets of $276k against liabilities of $0, net assets of $276k.