Well Read Mom

Analysis

Well Read Mom is a registered charity in United States, based in Ironton, MN. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Well Read Mom reported income of $549k and spending of $414k, leaving 25% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $204k to $549k (+169%), an average of +64% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Well Read Mom sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include On the Go Ministry ($549k), Manup ($549k) and Lewis County Gospel Mission ($549k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 7.5% of the total. Other salaries and wages came to $120k. At year end it held assets of $309k against liabilities of $7,620, net assets of $301k. It reported 8 employees.