Nantucket Book Foundation Inc

Analysis

Nantucket Book Foundation Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in December 2016, 10 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, Nantucket Book Foundation Inc reported income of $493k and spending of $337k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $270k to $493k (+82%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nantucket Book Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Boost Oregon ($493k), Parent Booster USA Inc ($493k) and Train Mountain Institute ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $91k. At year end it held assets of $556k against liabilities of $2,103, net assets of $554k. It reported 1 employees.