Libros for Kids Inc

Analysis

Libros for Kids Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 2017, 9 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, Libros for Kids Inc reported income of $162k and spending of $164k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $162k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Libros for Kids Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NM. Charities of a similar size with the same main cause include Compass Athletic Booster Club ($162k), Queen City Montessori ($162k) and Cromed-Usa ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $109k against liabilities of $0, net assets of $109k.