The Book Thing of Baltimore Inc

Analysis

The Book Thing of Baltimore Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 2020, 6 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, The Book Thing of Baltimore Inc reported income of $190k and spending of $162k, spending 85% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $129k to $190k (+47%), an average of +8.1% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Book Thing of Baltimore Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MD. Charities of a similar size with the same main cause include Informed California Foundation ($190k), Patrons of Music Students Inc ($190k) and Wyoming Family Home Ownership Program ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $41k. At year end it held assets of $323k against liabilities of $0, net assets of $323k. It reported 4 employees.