Pacific Palisades Library Association

Analysis

Pacific Palisades Library Association is a registered charity in United States, based in Pacific PLSDS, CA. It received its IRS tax-exemption ruling in September 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pacific Palisades Library Association reported income of $85k and spending of $194k, spending 227% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $170k to $85k (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 613%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pacific Palisades Library Association sits at the 32nd percentile: it is larger than about 32% 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 Kalihi Kai JLS ($85k), Lake Eau Claire Association Inc ($85k) and Advocates for the American Osteopathic Association ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 2.6% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.