Loving Libbie Memorial Foundation

Analysis

Loving Libbie Memorial Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Loving Libbie Memorial Foundation reported income of $58k and spending of $60k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $58k (+2.9%), an average of +2.9% a year. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loving Libbie Memorial Foundation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include SVDP Divine Savior ($58k), Shared Blessings ($58k) and New Rochelle Bar Association Inc ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $165k against liabilities of $824, net assets of $164k.