Booklyn Incorporated

Analysis

Booklyn Incorporated is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Booklyn Incorporated reported income of $469k and spending of $442k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $363k to $469k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Booklyn Incorporated sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Heritage Works ($469k), Tower-Soudan Historical Society ($469k) and Tibetan Association of Northern California ($469k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $83k (19% of expenses). Other salaries and wages came to $183k. At year end it held assets of $149k against liabilities of $262k, net assets of -$113k. It reported 6 employees.