Friends of the Library of Carlsbad California

Analysis

Friends of the Library of Carlsbad California is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in March 1965, 61 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 June 2024, Friends of the Library of Carlsbad California reported income of $130k and spending of $111k, spending 86% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $104k to $130k (+25%), an average of +25% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 81% 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 Carlsbad California sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Transcending Incrementalism ($130k), Danville Improvement Fund Inc ($130k) and New Market Discovery Foundation Inc ($130k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 88% of the total. At year end it held assets of $404k against liabilities of $0, net assets of $404k.