Book Fairies Inc

Analysis

Book Fairies Inc is a registered charity in United States, based in Hicksville, NY. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Fairies Inc reported income of $822k and spending of $701k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $337k to $822k (+144%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Book Fairies Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Lena Park Community Development ($822k), Osage Community Day Care ($822k) and Arizonans for Children Inc ($822k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $135k (19% of expenses). Other salaries and wages came to $162k. At year end it held assets of $610k against liabilities of $15k, net assets of $595k. It reported 7 employees.