Better World Libraries

Analysis

Better World Libraries is a registered charity in United States, based in Biddeford, ME. It received its IRS tax-exemption ruling in February 2007, 19 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Better World Libraries reported income of $17.2m and spending of $7,971, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $17.2m (+427%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 864433%. Over the whole period it spent 0.2% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Better World Libraries sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within ME. Charities of a similar size with the same main cause include Philadelphia Mural Arts Advocates ($17.1m), Orlando Science Center Inc ($17.2m) and States Newsroom ($17.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $17.4m against liabilities of $3,476, net assets of $17.4m.