Bookspring

Analysis

Bookspring is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 1989, 37 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 June 2023, Bookspring reported income of $1.7m and spending of $1.9m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.7m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2022, when income rose by 136%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bookspring sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include International Urogynecological Association ($1.7m), Georgia Lions Lighthouse Foundation Inc ($1.7m) and Metrowest Jewish Day School Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $115k (6.0% of expenses). Other salaries and wages came to $370k. At year end it held assets of $3.1m against liabilities of $1.5m, net assets of $1.6m. It reported 14 employees.