San Antonio Festival of Books Inc

Analysis

San Antonio Festival of Books Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, San Antonio Festival of Books Inc reported income of $919k and spending of $866k, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $461k to $919k (+99%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Antonio Festival of Books Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Irish Fair of Minnesota ($919k), Scottsdale Railroad and Mechanical Society ($919k) and FPC Preservation Foundation Inc ($919k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $91k (10% of expenses). Other salaries and wages came to $84k. At year end it held assets of $1.7m against liabilities of $163k, net assets of $1.6m. It reported 3 employees.