Edward Drummond Libbey Endowment Fund 20-10-211-0326880

Analysis

Edward Drummond Libbey Endowment Fund 20-10-211-0326880 is a registered charity in United States, based in Brooklyn, OH. It received its IRS tax-exemption ruling in March 1939, 87 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, Edward Drummond Libbey Endowment Fund 20-10-211-0326880 reported income of $2.4m and spending of $2.6m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.4m (+65%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 52%. 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, Edward Drummond Libbey Endowment Fund 20-10-211-0326880 sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Hilton Head Symphony Orchestra Inc ($2.4m), International Folk Art Alliance Inc ($2.4m) and Hancock County Performing Arts Center ($2.4m).

At year end it held assets of $33.8m against liabilities of $0, net assets of $33.8m.