Library Foundation of Lampasas TX

Analysis

Library Foundation of Lampasas TX is a registered charity in United States, based in Lampasas, TX. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Library Foundation of Lampasas TX reported income of $54k and spending of $45k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $31k to $54k (+73%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 451%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Library Foundation of Lampasas TX sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include Onalaska Alliance for Sustainable Community ($54k), Professionals Reaching Out to the Community-Proc-Foundation Inc ($54k) and Calrta Division 3 Scholarship Foundation ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $191k against liabilities of $0, net assets of $191k.