Friends of the Library of Fullerton

Analysis

Friends of the Library of Fullerton is a registered charity in United States, based in Fullerton, CA. It received its IRS tax-exemption ruling in September 1965, 61 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 December 2023, Friends of the Library of Fullerton reported income of $79k and spending of $64k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $79k (+9.8%), an average of +9.8% a year. Over the whole period it spent 117% 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 Library of Fullerton sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Jamaica Plain Regan Youth League ($79k), Little League Baseball Inc ($79k) and Ice Skating Club of Indianapolis Inc Carmel Ice Stadium ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.3% of the total. At year end it held assets of $92k against liabilities of $0, net assets of $92k.