Diamond Bar Friends of the Library

Analysis

Diamond Bar Friends of the Library is a registered charity in United States, based in Diamond Bar, CA. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Diamond Bar Friends of the Library reported income of $67k and spending of $43k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $177k to $67k (-62%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 155%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Diamond Bar Friends of the Library sits at the 33rd percentile: it is larger than about 32% 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 Cooke County Electric Charitable Foundation ($67k), March Forth with Hope Foundation Inc ($67k) and H&c Dudley Foundation Inc ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 25% of the total. At year end it held assets of $582k against liabilities of $0, net assets of $582k.