Thomas Balch Library Endowment Foundation

Analysis

Thomas Balch Library Endowment Foundation is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thomas Balch Library Endowment Foundation reported income of $60k and spending of $49k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $102k to $60k (-41%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 42% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thomas Balch Library Endowment Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include Little Owl Foundation for Childhood Education Inc ($60k), Red Bank Library Foundation a New Jersey Nonprofit Corporation ($60k) and The G Family Foundation Inc ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.