Friends of Newport Beach Public Library

Analysis

Friends of Newport Beach Public Library is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in April 1962, 64 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 Newport Beach Public Library reported income of $228k and spending of $211k, spending 93% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $217k to $228k (+4.9%), an average of +4.9% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Newport Beach Public Library sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Graystone Home & School Club ($228k), Clinton Path Preschool ($228k) and Quality Care Community Services Inc ($228k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.9% and program service revenue 84% of the total. At year end it held assets of $134k against liabilities of $0, net assets of $134k.