Little Free Library Ltd

Analysis

Little Free Library Ltd is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 2012, 14 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, Little Free Library Ltd reported income of $3.1m and spending of $2.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $3.1m (+109%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Little Free Library Ltd 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 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Association of Energy Services Professionals ($3.1m), Northeastern Seminary ($3.1m) and Darrell L Hines Academy Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $299k (10% of expenses). Other salaries and wages came to $952k. At year end it held assets of $3.5m against liabilities of $602k, net assets of $2.9m. It reported 22 employees.