National Book Foundation Inc

Analysis

National Book Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, National Book Foundation Inc reported income of $2.4m and spending of $2.4m, spending 99% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.9m to $2.4m (+23%), an average of +5.4% a year. The sharpest change came in the year to April 2021, when income rose by 111%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Book Foundation Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include History Flight ($2.4m), Paterson Task Force for Community Action Inc ($2.4m) and Lowndes Advocacy Resource Center Inc ($2.4m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 75% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $280k (12% of expenses). Other salaries and wages came to $737k. At year end it held assets of $4.8m against liabilities of $336k, net assets of $4.5m. It reported 13 employees.