Bookbinders Guild Of New York Inc
Bookbinders Guild of New York: Declining Revenue, Minimal Program Spending
EIN: 222701258 · Wakefield, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $12K |
| Program Spending | 15% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $102K |
| Transparency Score | 25/100 |
Is Bookbinders Guild Of New York Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bookbinders Guild Of New York Inc directs 15% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Bookbinders Guild Of New York Inc
Bookbinders Guild Of New York Inc (EIN: 222701258) is a nonprofit organization based in Wakefield, RI. The organization reported total revenue of $2K and total assets of $102K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bookbinders Guild Of New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bookbinders Guild Of New York Inc is a micro nonprofit that has been operating for 40 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -35.4%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $12K |
| Surplus / Deficit | $-9,830 |
| Total Assets | $102K |
| Total Liabilities | $64 |
| Net Assets | $102K |
| Operating Margin | -546.1% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 105.5 months |
Financial Health Grade: B
In 2021, Bookbinders Guild Of New York Inc reported a deficit of $10K with expenses exceeding revenue, holds 105.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2021), Bookbinders Guild Of New York Inc's revenue has declined at a compound annual growth rate (CAGR) of -35.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -94.5% | -78.5% | -8.8% |
| 2020 | -71.8% | -52.5% | -21.1% |
| 2019 | -15.1% | +12.2% | +6.8% |
| 2018 | +27.0% | +3.7% | +31.0% |
| 2017 | -12.8% | -0.3% | +15.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bookbinders Guild Of New York Inc with a Mission Score of 25 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 50%
- programs: 15%
- fundraising: 35%
According to IRS 990 filings, Bookbinders Guild Of New York Inc allocates its expenses as follows: admin: 50%, programs: 15%, fundraising: 35%. Only 15% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting an entirely volunteer-run organization or that compensation is not disclosed in the provided data.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bookbinders Guild Of New York Inc's IRS 990 filings:
- Revenue has plummeted from $136,206 in 2018 to $1,800 in 2021, raising concerns about sustainability.
- Expenses consistently exceed revenue in recent years (e.g., 2021: $1,800 revenue vs. $11,630 expenses), leading to asset depletion.
- The organization's assets have decreased from $142,167 in 2019 to $102,294 in 2021.
- Lack of detailed program descriptions or impact reports makes it difficult to ascertain the effectiveness of the organization's mission.
Strengths
The following positive indicators were identified for Bookbinders Guild Of New York Inc:
- The organization has maintained a consistent presence for several years, indicating a dedicated core group.
- Zero reported executive compensation suggests a high level of volunteerism and dedication.
Frequently Asked Questions about Bookbinders Guild Of New York Inc
Is Bookbinders Guild Of New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bookbinders Guild Of New York Inc (EIN: 222701258) significant concerns. Mission Score: 25/100. 4 red flags identified, 2 strengths noted.
How does Bookbinders Guild Of New York Inc spend its money?
Bookbinders Guild Of New York Inc directs 15% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bookbinders Guild Of New York Inc tax-deductible?
Bookbinders Guild Of New York Inc is registered as a tax-exempt nonprofit (EIN: 222701258). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bookbinders Guild Of New York Inc CEO make?
Bookbinders Guild Of New York Inc's highest-compensated officer earns $0 annually. The organization reported $2K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bookbinders Guild Of New York Inc's spending goes to programs?
Bookbinders Guild Of New York Inc directs 15% to programs, 35% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Bookbinders Guild Of New York Inc located?
Bookbinders Guild Of New York Inc is headquartered in Wakefield, Rhode Island and files with the IRS under EIN 222701258.
How many years of IRS 990 filings does Bookbinders Guild Of New York Inc have?
Bookbinders Guild Of New York Inc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2K in total revenue.
What does Bookbinders Guild Of New York Inc do?
Bookbinders Guild Of New York Inc is a nonprofit organization in the Unknown sector, located in Wakefield, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Bookbinders Guild Of New York Inc have?
Bookbinders Guild Of New York Inc reported total revenue of $1,800. Based on 11 IRS 990 filings on record.
What are Bookbinders Guild Of New York Inc's total assets?
Bookbinders Guild Of New York Inc holds total assets of $102,294 as reported in IRS 990 filings.
Where is Bookbinders Guild Of New York Inc located?
Bookbinders Guild Of New York Inc is based in Wakefield, Rhode Island.
What is Bookbinders Guild Of New York Inc's EIN?
Bookbinders Guild Of New York Inc's Employer Identification Number (EIN) is 222701258. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bookbinders Guild Of New York Inc?
Bookbinders Guild Of New York Inc is classified under NTEE code Unknown (Unknown).
Is Bookbinders Guild Of New York Inc a registered 501(c)(3)?
Bookbinders Guild Of New York Inc appears in IRS records (EIN: 222701258). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Bookbinders Guild Of New York Inc file IRS Form 990?
Yes, Bookbinders Guild Of New York Inc has 11 IRS Form 990 filings on record. The most recent covers tax period 202112.
What was Bookbinders Guild Of New York Inc's revenue in 2021?
In the 202112 filing period, Bookbinders Guild Of New York Inc reported total revenue of $1,800, total expenses of $11,630, and net assets of $102,294.
Is Bookbinders Guild Of New York Inc's revenue growing or declining?
Bookbinders Guild Of New York Inc's revenue is declining. Revenue went from $32,667 (202012) to $1,800 (202112), a -94.5% change. Based on 11 filings on record.
What is Bookbinders Guild Of New York Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Bookbinders Guild Of New York Inc covers tax period 202112. It shows revenue of $1,800, expenses of $11,630, total assets of $102,294, and liabilities of $64.
How much does Bookbinders Guild Of New York Inc spend on programs vs administration?
Based on IRS 990 analysis, Bookbinders Guild Of New York Inc allocates approximately 15% of expenses to program services, 50% to administrative costs, and 35% to fundraising. Overhead costs appear high relative to program spending.
Is Bookbinders Guild Of New York Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Bookbinders Guild Of New York Inc has notable concerns. Mission Score: 25/100 (Poor). 4 red flags identified. 2 strengths noted.
What are the red flags for Bookbinders Guild Of New York Inc?
The following concerns were identified: Revenue has plummeted from $136,206 in 2018 to $1,800 in 2021, raising concerns about sustainability.. Expenses consistently exceed revenue in recent years (e.g., 2021: $1,800 revenue vs. $11,630 expenses), leading to asset depletion.. The organization's assets have decreased from $142,167 in 2019 to $102,294 in 2021.. Lack of detailed program descriptions or impact reports makes it difficult to ascertain the effectiveness of the organization's mission.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bookbinders Guild Of New York Inc's strengths?
Positive indicators for Bookbinders Guild Of New York Inc include: The organization has maintained a consistent presence for several years, indicating a dedicated core group.. Zero reported executive compensation suggests a high level of volunteerism and dedication.. These findings are derived from AI analysis of the organization's financial filings.
How does Bookbinders Guild Of New York Inc compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting an entirely volunteer-run organization or that compensation is not disclosed in the provided data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the drastic decline in revenue and consistent operating deficits, what is the long-term viability plan for the Bookbinders Guild of New York?
The financial data suggests a critical need for a revised fundraising strategy or a re-evaluation of operational costs to ensure the organization's continued existence.
With reported expenses significantly higher than revenue, how are the deficits being covered without drawing down assets to a critical level?
The consistent asset decline indicates that deficits are indeed being covered by existing assets, which is unsustainable without new revenue streams.
Filing History
IRS 990 filing history for Bookbinders Guild Of New York Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Bookbinders Guild Of New York Inc's revenue has declined by 98.7%, moving from $143K to $2K. Total assets increased by 19.3% over the same period, from $86K to $102K. Total functional expenses fell by 92.7%, from $158K to $12K. In its most recent filing year (2021), Bookbinders Guild Of New York Inc reported a deficit of $10K, with expenses exceeding revenue. The organization holds $64 in liabilities against $102K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $102K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $2K | $12K | $102K | $64 | — | — |
| 2020 | $33K | $54K | $112K | $116 | — | — |
| 2019 | $116K | $114K | $142K | $9K | — | View 990 |
| 2018 | $136K | $102K | $133K | $1K | — | View 990 |
| 2017 | $107K | $98K | $102K | $5K | — | View 990 |
| 2016 | $123K | $98K | $88K | $0 | — | View 990 |
| 2015 | $108K | $115K | $63K | $0 | — | View 990 |
| 2014 | $97K | $116K | $70K | $0 | — | View 990 |
| 2013 | $118K | $110K | $89K | $0 | — | View 990 |
| 2012 | $156K | $161K | $81K | $0 | — | View 990 |
| 2011 | $143K | $158K | $86K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $2K, expenses of $12K, and assets of $102K (revenue -94.5% year-over-year).
- 2020: Revenue of $33K, expenses of $54K, and assets of $112K (revenue -71.8% year-over-year).
- 2019: Revenue of $116K, expenses of $114K, and assets of $142K (revenue -15.1% year-over-year).
- 2018: Revenue of $136K, expenses of $102K, and assets of $133K (revenue +27.0% year-over-year).
- 2017: Revenue of $107K, expenses of $98K, and assets of $102K (revenue -12.8% year-over-year).
- 2016: Revenue of $123K, expenses of $98K, and assets of $88K (revenue +13.9% year-over-year).
- 2015: Revenue of $108K, expenses of $115K, and assets of $63K (revenue +11.8% year-over-year).
- 2014: Revenue of $97K, expenses of $116K, and assets of $70K (revenue -18.1% year-over-year).
- 2013: Revenue of $118K, expenses of $110K, and assets of $89K (revenue -24.5% year-over-year).
- 2012: Revenue of $156K, expenses of $161K, and assets of $81K (revenue +9.2% year-over-year).
- 2011: Revenue of $143K, expenses of $158K, and assets of $86K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bookbinders Guild Of New York Inc:
Data Sources and Methodology
This transparency report for Bookbinders Guild Of New York Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.