Enlightenment Bookstore and Literary Arts Center Inc

Analysis

Enlightenment Bookstore and Literary Arts Center Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Enlightenment Bookstore and Literary Arts Center Inc reported income of $320k and spending of $304k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $245k to $320k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Enlightenment Bookstore and Literary Arts Center Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Saint Ambrose Academy ($320k), Parent Booster USA Inc ($320k) and Menlo-Atherton Nursery School ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $69k (23% of expenses). Other salaries and wages came to $134k. At year end it held assets of $95k against liabilities of $9,719, net assets of $86k. It reported 12 employees.