World Book Bank Inc

Analysis

World Book Bank Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, World Book Bank Inc reported income of $349k and spending of $333k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $344k to $349k (+1.2%), an average of +0.3% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, World Book Bank Inc 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 64th percentile, and in the 65th percentile within OK. Charities of a similar size with the same main cause include South Texas Youth Soccer Association ($349k), All American Athlete Inc ($349k) and Essex Skating Club of New Jersey ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $55k. At year end it held assets of $183k against liabilities of $36k, net assets of $148k. It reported 2 employees.