Book Trust

Analysis

Book Trust is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Book Trust reported income of $3.5m and spending of $5.4m, spending 156% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $4.6m to $3.5m (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2021, when income dropped by 18%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Book Trust sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Phillips County Developmental Center ($3.5m), Yeshivat Yagdil Torah Inc ($3.5m) and Riverview Center Inc ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $433k (8.0% of expenses). Other salaries and wages came to $1.1m. It paid $86k in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $516k, net assets of $1.6m. It reported 18 employees.