A E T Library Endowment

Analysis

A E T Library Endowment is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1986, 40 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, A E T Library Endowment reported income of $1.4m and spending of $257k, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $230k to $1.4m (+513%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 298%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, A E T Library Endowment sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 61st percentile within DC. Charities of a similar size with the same main cause include Center for Study of Responsive Law ($1.4m), Family Promise of Greater Cleveland ($1.4m) and Society of Actuaries ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.