Housing Works Used Book Cafe Inc

Analysis

Housing Works Used Book Cafe Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Housing Works Used Book Cafe Inc reported income of $1.9m and spending of $2.0m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $1.9m (-35%), an average of -10% a year. The sharpest change came in the year to June 2022, when income rose by 268%. Over the whole period it spent 120% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Housing Works Used Book Cafe Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Discovering Healthy Foods ($1.9m), Amachi Pittsburgh ($1.9m) and Ohio Ecological Food and Farm Association ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $5.8m against liabilities of $8.3m, net assets of -$2.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.