I Would Rather Be Reading

Analysis

I Would Rather Be Reading is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2022, I Would Rather Be Reading reported income of $541k and spending of $610k, spending 113% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $389k to $541k (+39%), an average of +39% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, I Would Rather Be Reading sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within KY. Charities of a similar size with the same main cause include Cheung Kong Graduate School of Business North America Inc ($541k), Prairie Centre for Christian Education ($541k) and Culver City Education Foundation ($541k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $152k (25% of expenses). Other salaries and wages came to $147k. It paid $25k in professional fundraising fees. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 3 employees.