Book Industry Charitable Foundation

Analysis

Book Industry Charitable Foundation is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Book Industry Charitable Foundation reported income of $924k and spending of $1.4m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $626k to $924k (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 727%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Book Industry Charitable Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Tel Aviv Museums American Friends Inc ($923k), Yad Lelev Foundation Inc ($925k) and Middlesex United Way Inc ($923k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $123k (9.1% of expenses). Other salaries and wages came to $336k. At year end it held assets of $2.8m against liabilities of $69k, net assets of $2.7m. It reported 9 employees.

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.