Barbara Bush Foundation for Family Literacy Inc

Analysis

Barbara Bush Foundation for Family Literacy Inc is a registered charity in United States, based in College Sta, TX. It received its IRS tax-exemption ruling in December 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, Barbara Bush Foundation for Family Literacy Inc reported income of $7.2m and spending of $6.0m, spending 83% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $3.8m to $7.2m (+93%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 371%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Barbara Bush Foundation for Family Literacy Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Uniting Voices ($7.2m), St Lukes Chamber Ensemble Inc ($7.2m) and San Diego Opera Association ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $1.5m (24% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $28.6m against liabilities of $2.9m, net assets of $25.7m. It reported 23 employees.