Bernies Book Bank

Analysis

Bernies Book Bank is a registered charity in United States, based in Lake Bluff, IL. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Bernies Book Bank reported income of $6.0m and spending of $5.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.5m to $6.0m (+9.2%), an average of +2.2% a year. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Bernies Book Bank 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 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Gary Comer Youth Center ($6.0m), Open Doors Inc ($6.1m) and Shining Star Youth & Community Services ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $445k (7.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $7.0m against liabilities of $2.3m, net assets of $4.7m. It reported 53 employees.