Library of Consciousness Inc

Analysis

Library of Consciousness Inc is a registered charity in United States, based in Chester, VA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 of Consciousness Inc reported income of $112k and spending of $75k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $112k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 54% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Library of Consciousness Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Indian Brethren Fellowship ($112k), T-N-T Ministries Inc ($112k) and Ignited by Truth Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $111k against liabilities of $0, net assets of $111k.