Burst Into Books

Analysis

Burst Into Books is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Burst Into Books reported income of $417k and spending of $438k, spending 105% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $261k to $417k (+59%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Burst Into Books sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Equallyable Foundation ($417k), Northeast Community Child Development Center ($417k) and Random Acts of Flowers Tampa Bay ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $26k (5.9% of expenses). At year end it held assets of $29k against liabilities of $6,300, net assets of $23k. It reported 1 employees.