Friends of the Hemet Public Library

Analysis

Friends of the Hemet Public Library is a registered charity in United States, based in Hemet, CA. It received its IRS tax-exemption ruling in May 1982, 44 years ago. 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 December 2023, Friends of the Hemet Public Library reported income of $112k and spending of $14k, leaving 87% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $25k to $112k (+346%), an average of +346% a year. The sharpest change came in the year to December 2023, when income rose by 346%. Over the whole period it spent 90% 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 Hemet Public Library sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Womens Hospital Auxilary Incorporated ($112k), American Inns of Court Foundation ($112k) and Penobscot Language School ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. At year end it held assets of $193k against liabilities of $0, net assets of $193k.