Westport Book Sale Ventures Inc

Analysis

Westport Book Sale Ventures Inc is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2024, Westport Book Sale Ventures Inc reported income of $381k and spending of $359k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $69k to $381k (+451%), an average of +53% a year. The sharpest change came in the year to June 2021, when income rose by 273%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Westport Book Sale Ventures Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CT. Charities of a similar size with the same main cause include Goodwork ($381k), Connecticut Alliance to Benefit Law Enforcement Inc ($382k) and Ingleside on the Bay Coastal Watch Association ($381k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 31% of the total. Other salaries and wages came to $144k. At year end it held assets of $161k against liabilities of $3,285, net assets of $158k. It reported 16 employees.