Historical Book Club of North Carolina Inc

Analysis

Historical Book Club of North Carolina Inc is a registered charity in United States, based in Asheboro, NC. It received its IRS tax-exemption ruling in October 1953, 73 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 May 2024, Historical Book Club of North Carolina Inc reported income of $63k and spending of $45k, leaving 28% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $39k to $63k (+63%), an average of +13% a year. The sharpest change came in the year to May 2022, when income rose by 49%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historical Book Club of North Carolina Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within NC. Charities of a similar size with the same main cause include Associated Church Press ($63k), Waukegan Public Library Foundation Inc ($63k) and Friends of San Carlos Adult Community Center Inc ($63k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 35% and program service revenue 28% of the total. At year end it held assets of $545k against liabilities of $0, net assets of $545k.