Lubuto Library Project Inc

Analysis

Lubuto Library Project Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2005, 21 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 December 2023, Lubuto Library Project Inc reported income of $528k and spending of $683k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $424k to $528k (+25%), an average of +5.6% a year. The sharpest change came in the year to December 2020, when income rose by 46%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lubuto Library Project Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 44th percentile within DC. Charities of a similar size with the same main cause include Molokai Occupational Center ($527k), Red Nation Celebration ($528k) and PTA California Congress of Parents Teachers & Students Inc ($527k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $175k (26% of expenses). At year end it held assets of $332k against liabilities of $129k, net assets of $202k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.