Nightboat Books Inc

Analysis

Nightboat Books Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2005, 21 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, Nightboat Books Inc reported income of $321k and spending of $317k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $309k to $321k (+3.8%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nightboat Books Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Mandate Project Impact Inc ($321k), Friends of the Saint Marys Theater and Grand Opera House Inc ($321k) and Tonatiuh-Danzantes Del Quinto Sol ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $31k (9.7% of expenses). Other salaries and wages came to $158k. At year end it held assets of $469k against liabilities of $48k, net assets of $421k. It reported 9 employees.