Florence Scott Libbey Trust

Analysis

Florence Scott Libbey Trust is a registered charity in United States, based in Brooklyn, OH. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Florence Scott Libbey Trust reported income of $948k and spending of $988k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $496k to $948k (+91%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 106%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florence Scott Libbey Trust sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Young Actors Theatre of Tallahassee Inc ($948k), Partnership for Economics Education and Research ($949k) and Whitewater Valley Railroad Assoc Inc ($948k).

Other salaries and wages came to $1,000. At year end it held assets of $12.7m against liabilities of $0, net assets of $12.7m.