Arts, Culture, Humanities : Libraries, Historical Societies and Landmark Preservation

Library Foundation of Los Angeles

Providing support for the Los Angeles Public Library

impact data icon

Impact Information is available from our partner, GuideStar

four stars

90.15

630 West Fifth Street Los Angeles, CA 90071
tel: (213) 228-7500   Web Site
EIN: 95-4368250

Board Leadership
Gwen Miller
Chair

CEO
Ken Brecher
President

  Score
(out of 100)
Rating
Overall Score & Rating 90.15 four stars
  Financial 87.97 three stars
  Accountability & Transparency 93.00 four stars
This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.

The Library Foundation of Los Angeles supports and enriches the capabilities, resources and services of the Los Angeles Public Library. The Library Foundation was founded in 1992 to raise private sector support to benefit the entire Library system. We accomplish our mission through fundraising, advocacy, and innovative programs that benefit our diverse community and promote greater awareness of the Library's valuable resources. Our support complements, but does not supplant, the City's responsibility for funding the Los Angeles Public Library's operations. To date, the foundation has raised more than $75 million to help support the Central Library and its 71 neighborhood branches.

The Library Foundation of Los Angeles supports and enriches the capabilities, resources and services of the Los Angeles Public Library. The Library Foundation was founded in 1992 to raise private sector support to benefit the entire Library system. We accomplish our mission through fundraising, advocacy, and innovative programs that benefit our diverse community and promote greater awareness of the Library's valuable resources. Our support complements, but does not supplant, the City's responsibility for funding the Los Angeles Public Library's operations. To date, the foundation has raised more than $75 million to help support the Central Library and its 71 neighborhood branches.

Impact Information

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This impact information is current as of September 2019, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

87.97

Accountability & Transparency

four stars

93.00

This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
75.2%
  Administrative Expenses 10.9%
  Fundraising Expenses 13.8%
  Fundraising Efficiency $0.13
  Working Capital Ratio (years) 4.74
  Program Expenses Growth 4.8%
  Liabilities to Assets 1.2%
All data for Financial Performance Metrics calculations was provided by Library Foundation of Los Angeles on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Library Foundation of Los Angeles on recent 990s filed with the IRS.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $4,331,172
   Federated Campaigns $0
   Membership Dues $814,507
   Fundraising Events $1,264,387
   Related Organizations $0
   Government Grants $20,000
Total Contributions $6,430,066
   Program Service Revenue $91,980
Total Primary Revenue $6,522,046
   Other Revenue $974,342
TOTAL REVENUE $7,496,388
   
EXPENSES  
   Program Expenses $5,448,149
   Administrative Expenses $816,500
   Fundraising Expenses $1,028,447
TOTAL FUNCTIONAL EXPENSES $7,293,096
   
Payments to Affiliates $0
Excess (or Deficit) for the year $203,292
   
Net Assets $47,476,367

Charts

Compensation % of Expenses Paid to Title
$485,000 6.65% Kenneth Brecher President

Mission

The Library Foundation of Los Angeles supports and enriches the capabilities, resources and services of the Los Angeles Public Library. The Library Foundation was founded in 1992 to raise private sector support to benefit the entire Library system. We accomplish our mission through fundraising, advocacy, and innovative programs that benefit our diverse community and promote greater awareness of the Library's valuable resources. Our support complements, but does not supplant, the City's responsibility for funding the Los Angeles Public Library's operations. To date, the foundation has raised more than $75 million to help support the Central Library and its 71 neighborhood branches.

Highly Rated

Charity Name & State Overall Score Overall Rating
Library Foundation of Los Angeles (CA) 90.15 four stars
The New York Public Library (NY) 91.19 four stars
Chicago Public Library Foundation (IL) 93.56 four stars
Greenwich Library (CT) 87.49 three stars
Friends of the Hennepin County Library (MN) 92.21 four stars

Compare These Charities (Highly Rated)

Charity Contact Info

Library Foundation of Los Angeles
630 West Fifth Street
Los Angeles, CA 90071
tel: (213) 228-7500
EIN: 95-4368250

Visit Web Site

Board Leadership

Gwen Miller
Chair

CEO

Ken Brecher
President