Texas Book Festival

Analysis

Texas Book Festival is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Texas Book Festival reported income of $1.8m and spending of $1.9m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.8m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 87%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Texas Book Festival sits at the 96th percentile: it is larger than about 96% 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 Nordic Skiing Association of Anchorage ($1.8m), Cypress-Fairbanks Swim Club Inc ($1.8m) and World Baseball Academy Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $157k (8.3% of expenses). Other salaries and wages came to $425k. At year end it held assets of $2.4m against liabilities of $203k, net assets of $2.2m. It reported 11 employees.