Book Drive for Kids

Analysis

Book Drive for Kids is a registered charity in United States, based in Lewisville, TX. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Book Drive for Kids reported income of $144k and spending of $179k, spending 125% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $233k to $144k (-38%), an average of -38% a year. The sharpest change came in the year to August 2023, when income dropped by 38%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Book Drive for Kids sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include PTA Texas Congress ($144k), Samantha C Smith Charitable Foundation ($144k) and Mosaic Center Inc ($144k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $76k (42% of expenses). At year end it held assets of $182k against liabilities of $5,194, net assets of $176k. It reported 2 employees.