Better World Libraries

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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

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.

Program Service Accomplishments

Program 1

Expenses: $1,120

A number of agreements were renegotiated in February of 2020 to finish Better World Librarys acquisition intent of Better World Books and to help with facilities and build out their website.Better...

A number of agreements were renegotiated in February of 2020 to finish Better World Librarys acquisition intent of Better World Books and to help with facilities and build out their website.Better World Libraries continues to enable Better World Books to preserve their cultural heritage by continuing to provide an outlet for public libraries across the United States to sell their decommissioned books, offering these books to consumers at discounted prices through a secondary market and also donating millions of books to non-profits partners promoting literacy all around the world.

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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%)

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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