The Library Project Inc

Analysis

The Library Project Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, The Library Project Inc reported income of $269k and spending of $134k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $540k to $269k (-50%), an average of -16% a year. The sharpest change came in the year to December 2023, when income rose by 110%. Over the whole period it spent 94% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The Library Project Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within AZ. Charities of a similar size with the same main cause include Victory Tree Foundation ($269k), Global Learning Exchange Initiative ($269k) and Bellwether International ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $53k (39% of expenses). Other salaries and wages came to $4,315. At year end it held assets of $201k against liabilities of $0, net assets of $201k. It reported 1 employees.