North Atlantic Books

Analysis

North Atlantic Books is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in February 1981, 45 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, North Atlantic Books reported income of $5.5m and spending of $5.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $5.5m (+11%), an average of +2.6% a year. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Atlantic Books sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Buffalo Society of Natural Sciences ($5.5m), York County History Center ($5.5m) and Redlands Historical Museum Association ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% of the total. Compensation of current officers, directors and key employees was $144k (2.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $7.8m against liabilities of $2.4m, net assets of $5.4m. It reported 28 employees.