Latinx Kidlit Book Festival Inc

Analysis

Latinx Kidlit Book Festival Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Latinx Kidlit Book Festival Inc reported income of $137k and spending of $131k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $137k (+125%), an average of +125% a year. The sharpest change came in the year to December 2023, when income rose by 125%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Latinx Kidlit Book Festival Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include El Camino Real de Los Tejasnational Historic Trail Association ($137k), Allegro Dance Project Inc ($137k) and Silas Alexander Sharpe Foundation Inc ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 25% of the total. At year end it held assets of $34k against liabilities of $2,500, net assets of $32k.