Louisiana Library & Book Festival Foundation

Analysis

Louisiana Library & Book Festival Foundation is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in September 2011, 15 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 June 2024, Louisiana Library & Book Festival Foundation reported income of $255k and spending of $299k, spending 117% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $60k to $255k (+326%), an average of +44% a year. The sharpest change came in the year to June 2023, when income rose by 1062%. Over the whole period it spent 145% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Louisiana Library & Book Festival Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within LA. Charities of a similar size with the same main cause include Bentonville Athletic Booster Club Inc ($255k), Pennies for Heaven Fund Inc ($255k) and WKHR Radio Inc ($255k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $411k against liabilities of $0, net assets of $411k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.