Friends of the Glendora Library

Analysis

Friends of the Glendora Library is a registered charity in United States, based in Glendora, CA. It received its IRS tax-exemption ruling in May 1984, 42 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 2022, Friends of the Glendora Library reported income of $358k and spending of $251k, leaving 30% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $273k to $358k (+31%), an average of +9.5% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Glendora Library sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Disability Independence Group Inc ($358k), Fitzmaurice Institute Inc ($358k) and Hart Emc Foundation ($358k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 54% of the total. Compensation of current officers, directors and key employees was $67k (27% of expenses). Other salaries and wages came to $7,291. At year end it held assets of $1.7m against liabilities of $40k, net assets of $1.6m. It reported 3 employees.