Latvijas Brivibas Fonds Ltd

Analysis

Latvijas Brivibas Fonds Ltd is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in May 1987, 39 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Latvijas Brivibas Fonds Ltd reported income of $104k and spending of $227k, spending 219% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $431k to $104k (-76%), an average of -30% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 105% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Latvijas Brivibas Fonds Ltd sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within MD. Charities of a similar size with the same main cause include Alaska Universal Service Administrative Company ($104k), Nibakure Community Village ($104k) and Stand Up for Grace ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.

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.