Archipelago Books Inc

Analysis

Archipelago Books Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Archipelago Books Inc reported income of $909k and spending of $933k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $636k to $909k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Archipelago Books Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Cass County North Dakota Historical Society ($909k), Southern California Ballet Inc ($909k) and Cultural Activities Center Inc ($909k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $66k (7.1% of expenses). Other salaries and wages came to $249k. At year end it held assets of $1.0m against liabilities of $169k, net assets of $869k. It reported 5 employees.