Booksmiles

Analysis

Booksmiles is a registered charity in United States, based in Cherry Hill, NJ. It received its IRS tax-exemption ruling in November 2017, 9 years ago. 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 October 2023, Booksmiles reported income of $1.2m and spending of $1.1m, spending 88% of its income. Across the 3 years on record, from October 2021 to October 2023, income grew from $174k to $1.2m (+593%), an average of +163% a year. The sharpest change came in the year to October 2022, when income rose by 577%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Booksmiles sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Round Rock Isd Education Foundation ($1.2m), Northeast Community Center Inc ($1.2m) and Closet of the Greater Herndon Area Inc ($1.2m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $101k. At year end it held assets of $524k against liabilities of $0, net assets of $524k. It reported 6 employees.