Childrens-Books on Wheels

Analysis

Childrens-Books on Wheels is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Childrens-Books on Wheels reported income of $160k and spending of $154k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $257k to $160k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Childrens-Books on Wheels sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Iqraa Academy of San Diego ($160k), University of Florida ($160k) and Rotary District 5110 Youth Exchange ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $73k (48% of expenses). At year end it held assets of $86k against liabilities of $0, net assets of $86k.