The Book Club of California

Analysis

The Book Club of California is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 2013, 13 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 August 2023, The Book Club of California reported income of $431k and spending of $1.0m, spending 233% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $646k to $431k (-33%), an average of -9.6% a year. The sharpest change came in the year to August 2022, when income dropped by 49%. Over the whole period it spent 144% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Book Club of California sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Edwardsville Childrens Museum Inc ($430k), Grand Piano Series Inc ($431k) and Social Program Evaluators & Consultants Inc ($430k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 40% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $178k (18% of expenses). Other salaries and wages came to $127k. At year end it held assets of $7.6m against liabilities of $149k, net assets of $7.5m. It reported 4 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.