Financials
The Library Project is a non-profit 501(c)(3) organization that aims to make every dollar donated count. We pride ourselves on our financial efficiency, donor accountability, and operational transparency.
Through our in-depth Annual Reports, the Library Project is an open book. It is important to us that all donors and volunteers truly understand how The Library Project spends their generous financial contributions and how our libraries benefit the children we impact. The Library Project consistently strives for 100% transparency.
2011 financial year highlights:
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- We maintained low overhead costs with 82 cents out of every dollar donated going toward our programs.
- We fundraised US $541,906 in 2011—a 93% increase over our 2010 total of US $280,588
- We invested US $315,070 toward our programs—a 98% increase over our 2010 total of US $159,003.125
- We expanded operations to 3 additional Chinese provinces—for a total of 23 provinces
As of December 31, 2011:
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- We donated 585 libraries, including 120 “Reading Corners” and 134 “Reading Rooms”
- More than 300,000 children's books reached the hands of eager children
- Over 250,000 children have access to our libraries
- Our volunteers totaled more than 10,000 TLP supporters
Determination Letter
The Library Project is an IRS recognized non-profit 501(c)(3) organization. To download a copy of our Determination Letter for your records, please click here.
To view our filing on the IRS website, please click here.
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