Library Endowment Trust

Analysis

Library Endowment Trust is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Library Endowment Trust reported income of $748k and spending of $246k, leaving 67% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $401k to $748k (+86%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 434%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Library Endowment Trust sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within OK. Charities of a similar size with the same main cause include Penn Yan Public Library ($748k), Tiferet Moshe Inc ($748k) and Kupenda for the Children ($748k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $6.5m against liabilities of $22k, net assets of $6.5m.