Believe in Books Literacy Foundation

Analysis

Believe in Books Literacy Foundation is a registered charity in United States, based in Intervale, NH. It received its IRS tax-exemption ruling in April 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 August 2023, Believe in Books Literacy Foundation reported income of $668k and spending of $418k, leaving 37% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $622k to $668k (+7.3%), an average of +1.8% a year. The sharpest change came in the year to August 2022, when income dropped by 113%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Believe in Books Literacy Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within NH. Charities of a similar size with the same main cause include Lincoln University Extension ($668k), Ceos of Tomorrow Inc ($668k) and Iowa State University 1993 Trust ($668k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 8.9% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $60k (14% of expenses). Other salaries and wages came to $112k. At year end it held assets of $3.3m against liabilities of $789k, net assets of $2.5m. It reported 8 employees.