Savannah Book Festival Inc
Savannah Book Festival Inc maintains stable finances with volunteer leadership and consistent asset growth.
EIN: 205945596 · Savannah, GA · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $530K |
| Total Expenses | $431K |
| Program Spending | 85% |
| Net Assets | $487K |
| Transparency Score | 90/100 |
Is Savannah Book Festival Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Savannah Book Festival Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Savannah Book Festival Inc
Savannah Book Festival Inc (EIN: 205945596) is a nonprofit organization based in Savannah, GA, classified under NTEE code B99. The organization reported total revenue of $530K and total assets of $628K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Savannah Book Festival Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Savannah Book Festival Inc is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $371K |
| Total Expenses | $431K |
| Surplus / Deficit | $-60,840 |
| Total Assets | $516K |
| Total Liabilities | $29K |
| Net Assets | $487K |
| Operating Margin | -16.4% |
| Debt-to-Asset Ratio | 5.7% |
| Months of Reserves | 14.4 months |
Financial Health Grade: B
In 2023, Savannah Book Festival Inc reported a deficit of $61K with expenses exceeding revenue, holds 14.4 months of operating reserves (strong position), has a debt-to-asset ratio of 5.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Savannah Book Festival Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.7% | +7.9% | -3.1% |
| 2022 | +70.9% | +110.1% | -13.0% |
| 2021 | -36.3% | -44.4% | +33.1% |
| 2020 | +10.7% | -6.6% | +13.4% |
| 2019 | -1.3% | +8.0% | -7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Savannah Book Festival Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Savannah Book Festival Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.7%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that the organization relies on volunteer leadership. This is highly commendable for an organization of its size, as it maximizes the allocation of funds directly to its programmatic activities.
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.
Strengths
The following positive indicators were identified for Savannah Book Festival Inc:
- Consistent 0% officer compensation, indicating volunteer leadership and high efficiency.
- Steady growth in assets, from $295,531 in 2014 to $627,592 currently, demonstrating financial stability.
- Relatively low liabilities compared to assets, suggesting good financial health (e.g., $29,190 liabilities vs. $516,363 assets in 2023).
- Stable revenue streams over the past decade, averaging between $300,000 and $400,000 annually.
Frequently Asked Questions about Savannah Book Festival Inc
Is Savannah Book Festival Inc a legitimate charity?
Savannah Book Festival Inc (EIN: 205945596) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $530K. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Savannah Book Festival Inc spend its money?
Savannah Book Festival Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Savannah Book Festival Inc tax-deductible?
Savannah Book Festival Inc is registered as a tax-exempt nonprofit (EIN: 205945596). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Savannah Book Festival Inc's spending goes to programs?
Savannah Book Festival Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Savannah Book Festival Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Savannah Book Festival Inc is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Savannah Book Festival Inc located?
Savannah Book Festival Inc is headquartered in Savannah, Georgia and files with the IRS under EIN 205945596. It is classified under NTEE code B99.
How many years of IRS 990 filings does Savannah Book Festival Inc have?
Savannah Book Festival Inc has 12 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 $530K in total revenue.
Is Savannah Book Festival Inc a good charity?
Based on its financial data, Savannah Book Festival Inc appears to be a well-managed charity. It consistently reports 0% officer compensation, maintains a healthy asset base, and demonstrates a strong commitment to its mission by directing funds to programs rather than executive salaries.
How has the organization's financial health changed over time?
The organization has shown consistent revenue generation and steady asset growth over the past decade, from $295,531 in assets in 2014 to $627,592 currently. While there are occasional years where expenses slightly exceed revenue, the overall trend indicates financial stability and prudent management.
What is the organization's approach to executive compensation?
Savannah Book Festival Inc reports 0% officer compensation in all available filings, indicating that its leadership is entirely volunteer-based. This is a significant strength, as it ensures that donor contributions are not used for executive salaries.
Filing History
IRS 990 filing history for Savannah Book Festival Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Savannah Book Festival Inc's revenue has grown by 64.8%, moving from $225K to $371K. Total assets increased by 253.9% over the same period, from $146K to $516K. Total functional expenses rose by 221%, from $134K to $431K. In its most recent filing year (2023), Savannah Book Festival Inc reported a deficit of $61K, with expenses exceeding revenue. The organization holds $29K in liabilities against $516K in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $487K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $371K | $431K | $516K | $29K | — | View 990 |
| 2022 | $415K | $400K | $533K | $25K | — | View 990 |
| 2021 | $243K | $190K | $612K | $37K | — | View 990 |
| 2020 | $382K | $343K | $460K | $33K | — | View 990 |
| 2019 | $345K | $367K | $406K | $19K | — | View 990 |
| 2018 | $349K | $339K | $437K | $26K | — | View 990 |
| 2017 | $346K | $329K | $390K | $12K | — | View 990 |
| 2016 | $271K | $296K | $368K | $16K | — | View 990 |
| 2015 | $312K | $248K | $369K | $7K | — | View 990 |
| 2014 | $278K | $209K | $296K | $2K | — | View 990 |
| 2013 | $279K | $197K | $225K | $1K | — | View 990 |
| 2012 | $225K | $134K | $146K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $371K, expenses of $431K, and assets of $516K (revenue -10.7% year-over-year).
- 2022: Revenue of $415K, expenses of $400K, and assets of $533K (revenue +70.9% year-over-year).
- 2021: Revenue of $243K, expenses of $190K, and assets of $612K (revenue -36.3% year-over-year).
- 2020: Revenue of $382K, expenses of $343K, and assets of $460K (revenue +10.7% year-over-year).
- 2019: Revenue of $345K, expenses of $367K, and assets of $406K (revenue -1.3% year-over-year).
- 2018: Revenue of $349K, expenses of $339K, and assets of $437K (revenue +0.9% year-over-year).
- 2017: Revenue of $346K, expenses of $329K, and assets of $390K (revenue +27.6% year-over-year).
- 2016: Revenue of $271K, expenses of $296K, and assets of $368K (revenue -12.8% year-over-year).
- 2015: Revenue of $312K, expenses of $248K, and assets of $369K (revenue +12.1% year-over-year).
- 2014: Revenue of $278K, expenses of $209K, and assets of $296K (revenue -0.4% year-over-year).
- 2013: Revenue of $279K, expenses of $197K, and assets of $225K (revenue +24.1% year-over-year).
- 2012: Revenue of $225K, expenses of $134K, and assets of $146K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Savannah Book Festival Inc:
Data Sources and Methodology
This transparency report for Savannah Book Festival 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.