Libforall Foundation

Analysis

Libforall Foundation is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in July 2004, 22 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 November 2023, Libforall Foundation reported income of $907k and spending of $557k, leaving 39% of income unspent that year. Across the 5 years on record, from November 2019 to November 2023, income grew from $422k to $907k (+115%), an average of +21% a year. The sharpest change came in the year to November 2021, when income rose by 209%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Libforall Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Other Minds ($907k), Misty Meadows Equine Learning Center ($907k) and The Riseup Group Inc ($907k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $214k (38% of expenses). Other salaries and wages came to $166k. At year end it held assets of $37k against liabilities of $245k, net assets of -$208k. It reported 4 employees.