Book for Hope Inc

Analysis

Book for Hope Inc is a registered charity in United States, based in Paducah, KY. It received its IRS tax-exemption ruling in March 2015, 11 years ago. 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 for Hope Inc reported income of $264k and spending of $130k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $297k to $264k (-11%), an average of -11% a year. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Book for Hope Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within KY. Charities of a similar size with the same main cause include Congregation of Vietnamese Buddhists Chicago-Quang Minh Tmple ($264k), Tri-Lakes Community Preschool ($264k) and Santa Clothes Club Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% of the total. At year end it held assets of $473k against liabilities of $0, net assets of $473k.