Libraries Without Borders

Analysis

Libraries Without Borders is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2023, 3 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, Libraries Without Borders reported income of $1.7m and spending of $927k, leaving 45% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.4m to $1.7m (+17%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Libraries Without Borders sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Urban Preparatory Academy ($1.7m), Minnesota Computers for Schools ($1.7m) and Tennessee Christian Academy Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $149k (16% of expenses). Other salaries and wages came to $368k. It paid $32k in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $84k, net assets of $920k. It reported 14 employees.