Better World Libraries

EIN: 203803359 501(c)(3) Arts, Culture & Humanities

Biddeford, ME

Total Revenue
$17,169,623
Total Expenses
$7,971
Total Assets
$17,431,310
Net Assets
$17,427,834
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
CA
Principal Officer
Brewster Kahle
Tax Period
2023-01-01 to 2023-12-31

Better World Libraries, founded in 2005, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $17.2M in total revenue in fiscal year 2023. Revenue surged 864433% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.2M, a strong 100% operating margin.

Mission

The specific and primary purpose of this corporation is to engage in charitable and educational activities within the means of section 501(c)(3) of the Internal Revenue Code of 1986, as amended, or the corresponding provisions of any future United States Internal revenue law.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $17,105,421
Program Service Revenue $0
Investment Income $64,202
Other Revenue $0
TOTAL REVENUE $17,169,623

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,120
Other Expenses $7,971
TOTAL EXPENSES $7,971

Year-over-Year Comparison

2023 2022 Change
Revenue $17,169,623 $1,986 +8644.3%
Expenses $7,971 $4,103 +0.9%
Net Income $17,161,652 $-2,117 -8107.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brewster Kahle President 1.00
Officer Director
$0 $0 $0
Meikle Hall Secretary 1.00
Officer Director
$0 $0 $0
Jeff Ubois Treasurer 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $17,169,623 $7,971 $17,431,310 $17,161,652
2022 $1,986 $4,103 $2,319,187 $-2,117
2021 $3,142 $19,675 $2,318,299 $-16,533
2020 $43,275 $3,011 $2,334,612 $40,264
2019 $3,255,156 $836 $3,294,348 $3,254,320
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