Barbershop Books Inc

Analysis

Barbershop Books Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Barbershop Books Inc reported income of $857k and spending of $840k, spending 98% of its income. Across the 5 years on record, from August 2019 to June 2023, income grew from $229k to $857k (+275%), an average of +39% a year. The sharpest change came in the year to June 2023, when income rose by 160%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Barbershop Books Inc sits at the 74th percentile: it is larger than about 74% 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 Providence Christian Academy Association Inc ($857k), Childs Play Learning Center Inc ($857k) and Richmond Promise Inc ($857k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $192k (23% of expenses). Other salaries and wages came to $199k. At year end it held assets of $395k against liabilities of $42k, net assets of $353k. It reported 17 employees.