Syds Book Shack & Boutique Inc

Analysis

Syds Book Shack & Boutique Inc is a registered charity in United States, based in Guilford, CT. It received its IRS tax-exemption ruling in August 2021, 5 years ago. 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, Syds Book Shack & Boutique Inc reported income of $87k and spending of $94k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $87k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Syds Book Shack & Boutique Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within CT. Charities of a similar size with the same main cause include Tahquamenon Area Senior Citizens Center ($87k), Life Recovery Ministries Inc ($87k) and Ladies of Charity of Metropolitan Kansas City ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 7.9% of the total. At year end it held assets of $1,952 against liabilities of $12k, net assets of -$10k.