Is National Book Foundation Inc Legit?

Quick charity verification for National Book Foundation Inc (EIN: 133347524)

Verdict: National Book Foundation Inc appears trustworthy

90/100Mission Score

$3.6MRevenue

$5.5MAssets

1Red Flags

4Strengths

Red Flags

Unusually low (0%) reported officer compensation for an organization of this size, which might indicate compensation is paid by a related entity or not fully disclosed.

Strengths

Consistent asset growth, from $2,478,910 in 2014 to $4,829,963 in 2023, indicating strong financial management.
Positive net income in most recent years (e.g., 2023 revenue of $2,395,970 vs. expenses of $2,376,616), demonstrating operational efficiency.
Zero reported officer compensation across all filings, suggesting a high dedication of funds to mission-related activities.
Consistent filing of IRS Form 990s over 13 periods, indicating strong transparency and compliance.

Spending Breakdown

How National Book Foundation Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about National Book Foundation Inc

Is National Book Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, National Book Foundation Inc (EIN: 133347524) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.

Is National Book Foundation Inc a good charity to donate to?

National Book Foundation Inc has a Mission Score of 90/100. Revenue: $3.6M. Assets: $5.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for National Book Foundation Inc?

The Employer Identification Number (EIN) for National Book Foundation Inc is 133347524. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does National Book Foundation Inc spend its money?

National Book Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify National Book Foundation Inc's tax-exempt status?

You can verify National Book Foundation Inc's tax-exempt status using EIN 133347524 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The National Book Foundation Inc. demonstrates generally sound financial health, with assets consistently exceeding liabilities and a positive net income in most recent years. For instance, in 2023, revenue of $2,395,970 slightly outpaced expenses of $2,376,616, contributing to an increase in assets to $4,829,963. The organization's assets have shown a steady growth trend over the past decade, from $2,478,910 in 2014 to $4,829,963 in 2023, indicating responsible financial management and accumulation of resources. 

Spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which suggests a significant portion of funds are directed towards programmatic activities rather than executive salaries. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests a lean operational structure. The organization's revenue has fluctuated, with a high of $3,836,375 in 2022 and a low of $1,311,629 in 2016, but it has consistently managed expenses to maintain financial stability. 

Transparency is a notable strength, as evidenced by the consistent filing of IRS Form 990s over 13 periods and the explicit reporting of 0% officer compensation. This level of detail, even in summary form, allows for a clear understanding of the organization's financial priorities and commitment to its mission. The consistent growth in assets relative to liabilities further underscores a well-managed and transparent financial operation.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.