Brooklyn Book Festival Inc

Analysis

Brooklyn Book Festival Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2015, 11 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 December 2023, Brooklyn Book Festival Inc reported income of $535k and spending of $502k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $472k to $535k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brooklyn Book Festival Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Lourdes Foundation Inc ($534k), School for Ethical Education Inc ($535k) and William a Hough Senior High School Athletic Booster Club ($534k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $75k (15% of expenses). Other salaries and wages came to $83k. At year end it held assets of $134k against liabilities of $4,353, net assets of $130k. It reported 7 employees.