LA County Library Foundation

Analysis

LA County Library Foundation is a registered charity in United States, based in Downey, CA. It received its IRS tax-exemption ruling in November 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 (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LA County Library Foundation reported income of $409k and spending of $383k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $409k (+2.6%), an average of +0.6% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, LA County Library Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include NLN Foundation for Nursing Education ($409k), Islamic School of Columbia Missouri ($409k) and Camp Amnicon Foundation ($409k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $163k. At year end it held assets of $441k against liabilities of $0, net assets of $441k. It reported 1 employees.