Libenu

Analysis

Libenu is a registered charity in United States, based in Skokie, IL. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover human services, 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, Libenu reported income of $3.4m and spending of $1.3m, leaving 60% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $620k to $3.4m (+441%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Libenu sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Safespace Inc ($3.4m), The Ranch Inc ($3.4m) and Building One Community Corp ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.6% of the total. Other salaries and wages came to $608k. At year end it held assets of $6.6m against liabilities of $1.5m, net assets of $5.1m. It reported 8 employees.