We Shall Read

Analysis

We Shall Read is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in June 2022, 4 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 December 2023, We Shall Read reported income of $544k and spending of $390k, leaving 28% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $165k to $544k (+230%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, We Shall Read 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 MI. Charities of a similar size with the same main cause include Old Town Academy Parent Foundation ($544k), Rhode Island Tutorial & Educational Services Inc ($544k) and Lindsay Educational Foundation for Learning ($544k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $229k (59% of expenses). At year end it held assets of $377k against liabilities of $17k, net assets of $361k.