Friends of the Santa Monica Public Library

Analysis

Friends of the Santa Monica Public Library is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in January 2014, 12 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 2024, Friends of the Santa Monica Public Library reported income of $207k and spending of $157k, leaving 24% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $104k to $207k (+100%), an average of +100% a year. The sharpest change came in the year to June 2024, when income rose by 100%. Over the whole period it spent 80% 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 Santa Monica Public Library sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Garrett Park Nursery School Inc ($207k), Early Learning Partnership of ($207k) and North America Bible Institute ($207k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% of the total. At year end it held assets of $277k against liabilities of $26k, net assets of $251k.