Overview

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Est.

1992

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Library Foundation of Los Angeles is dedicated to fiscally supporting the Los Angeles Public Library, with an operating budget of $9.2 million and total revenue of $10.8 million for the 2024 filing year. The organization is backed by significant contributions from major funders, including Fidelity Investments Charitable Gift Fund, Donor Advised Charitable Giving Inc, and National Philanthropic Trust. The foundation does not rely on a single funder for 50% or more of its revenue. For more information, visit www.lfla.org.

Mission Statement

TO FISCALLY SUPPORT THE LOS ANGELES PUBLIC LIBRARY.
Revenues
$10.8M
Expenses
$9.2M
Net Income:
+$1.5M
Assets
$66.3M
Liabilities
$441.2K
Net Assets:
+$65.9M
Operating Budget
$9.2M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
79
Median grant size
$7.7K
Largest grant received
$239K
S
Stacy Lieberman
Board Member
D
Debra Albin-Riley
Board Member
B
Betsy Applebaum
Board Member

Frequently Asked Questions

What is THE LIBRARY FOUNDATION OF LOS ANGELES’s budget?
In 2024, THE LIBRARY FOUNDATION OF LOS ANGELES reported an annual operating budget of around $9.2 million. More detailed financial information is available to registered users.
Where does THE LIBRARY FOUNDATION OF LOS ANGELES operate?
THE LIBRARY FOUNDATION OF LOS ANGELES is headquartered in Los Angeles, CA.
Who funded THE LIBRARY FOUNDATION OF LOS ANGELES recently?
In 2025, THE LIBRARY FOUNDATION OF LOS ANGELES received grants from JOSEPH DROWN FOUNDATION, AMERICAN ONLINE GIVING FOUNDATION INC, and THE ALBERT PARVIN FOUNDATION C/O POSIVAK & JOFFE LLP. More information on this organization’s funders is available to registered users.
What is the largest grant THE LIBRARY FOUNDATION OF LOS ANGELES received in 2024?
The largest grant to THE LIBRARY FOUNDATION OF LOS ANGELES in 2024 exceeds $239 thousand.
What is THE LIBRARY FOUNDATION OF LOS ANGELES’s reliance on government grants?
THE LIBRARY FOUNDATION OF LOS ANGELES relied on government grants for more than 5% of their total revenue in 2024.