Friends of the Beverly Hills Public Library

Analysis

Friends of the Beverly Hills Public Library is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in September 1961, 65 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 Beverly Hills Public Library reported income of $170k and spending of $72k, leaving 58% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $94k to $170k (+81%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 202%. Over the whole period it spent 44% 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 Beverly Hills Public Library sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Oceanic Research Group Inc ($170k), Hebrew Free Loan Society of Greater Philadelphia ($170k) and Childrens Brittle Bone Foundation ($170k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 37% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.