We Need Diverse Books

Analysis

We Need Diverse Books is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, We Need Diverse Books reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $456k to $1.1m (+145%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 123%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, We Need Diverse Books sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Alaska Airmens Association Inc ($1.1m), Centralia Christian School Foundation ($1.1m) and Cuyahoga County Public Library Foundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $112k (10% of expenses). Other salaries and wages came to $150k. At year end it held assets of $1.3m against liabilities of $33k, net assets of $1.3m. It reported 3 employees.