Be a Bookworm

Analysis

Be a Bookworm is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Be a Bookworm reported income of $122k and spending of $126k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $204k to $122k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Be a Bookworm sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Via Pal ($122k), Climb-Up Inc ($122k) and Samarthanam USA Inc ($122k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.