Los Altos Library Endowment

Analysis

Los Altos Library Endowment is a registered charity in United States, based in Los Altos, CA. It received its IRS tax-exemption ruling in September 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, Los Altos Library Endowment reported income of $883k and spending of $83k, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $883k (+256%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 797%. Over the whole period it spent 28% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Los Altos Library Endowment sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Friends of the Leeward Coast Public Charter School ($883k), Christian Righteouness Education Center ($883k) and Southeast Technical Institute Foundation ($883k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $7.5m against liabilities of $0, net assets of $7.5m.