Friends of the Sierra Madre Library

Analysis

Friends of the Sierra Madre Library is a registered charity in United States, based in Sierra Madre, CA. It received its IRS tax-exemption ruling in February 1957, 69 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 Sierra Madre Library reported income of $120k and spending of $61k, leaving 49% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $116k to $120k (+3.1%), an average of +0.8% a year. The sharpest change came in the year to June 2021, when income dropped by 55%. Over the whole period it spent 99% 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 Sierra Madre Library sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Hospitality Business Network Foundation Inc ($120k), Albemarle High Shool Band Parents Association ($120k) and Ruths Schools Inc ($120k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% of the total. At year end it held assets of $981k against liabilities of $0, net assets of $981k.