BOOKS ARE GEMS
Mission Statement
Books Are Gems is a nonprofit organization in El Paso, Texas, dedicated to improving literacy and educational opportunities for children and families in underserved communities. Since its founding, the organization has provided free books to children, families, and teachers, distributing over 87,000 books in 2024 alone. Each child who visits receives one new and eight gently used books at no cost, encouraging the development of lifelong reading habits. Books Are Gems also supports over 800 teachers annually by providing free classroom resources, reducing their financial burden, and helping them reach thousands of students across El Paso, Southern New Mexico, and Fort Bliss. Through bilingual storytime sessions, partnerships with schools, and targeted outreach to low-income neighborhoods, the organization works to close literacy gaps in a community where 22% of residents live in poverty and over 18% of children face literacy challenges.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
87.6% | 87.4% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
21.4 mo | 19.7 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
8.8% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
94.9% | 85.3% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
106.7% | 1.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
114.0% | 0.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
41.7% | 10.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $157K | $91K | $163K | 87.6% | — |
| 2023 | $76K | $43K | $33K | 69.8% | — |
| 2021 | $96K | $45K | $134K | — | — |
| 2019 | $85K | $65K | N/A | — | 1 |
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