Lebnet

Analysis

Lebnet is a registered charity in United States, based in San Mateo, CA. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Lebnet reported income of $163k and spending of $111k, leaving 32% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $213k to $163k (-24%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lebnet sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Wayland Public Schools Foundation Inc ($163k), Robstown Isd Education Foundation ($163k) and Association for Core Texts and Courses ($163k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 3.1% of the total. At year end it held assets of $171k against liabilities of $0, net assets of $171k.