The Library Foundation

Analysis

The Library Foundation is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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, The Library Foundation reported income of $1.1m and spending of $437k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $542k to $1.1m (+103%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 232%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Library Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within KS. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.1m), Epilepsy Foundation of Northeastern New York Inc ($1.1m) and Maurice Barnett Geriatric Wellness Center Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $11.6m against liabilities of $192k, net assets of $11.4m.