Library of American Broadcasting Foundation Inc

Analysis

Library of American Broadcasting Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1968, 58 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, Library of American Broadcasting Foundation Inc reported income of $242k and spending of $156k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $202k to $242k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Library of American Broadcasting Foundation Inc 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 58th percentile, and in the 32nd percentile within DC. Charities of a similar size with the same main cause include Winter Foundation ($242k), Little League Baseball Inc ($242k) and Paducah McCracken County Association for Retarded Citizens ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 170% of the total. At year end it held assets of $933k against liabilities of $1,060, net assets of $932k.