I Would Rather Be Reading
EIN: 824974981 · Louisville, KY · NTEE: B92
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $610K |
Is I Would Rather Be Reading Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About I Would Rather Be Reading
I Would Rather Be Reading (EIN: 824974981) is a nonprofit organization based in Louisville, KY, classified under NTEE code B92. The organization reported total revenue of $1.1M and total assets of $780K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of I Would Rather Be Reading's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
I Would Rather Be Reading is a mid-size nonprofit that has been operating for 8 years, with 4 years of IRS 990 filings on record (2019–2022). Revenue has grown at a compound annual rate of 115.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $541K |
| Total Expenses | $610K |
| Surplus / Deficit | $-68,855 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -12.7% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2022, I Would Rather Be Reading reported a deficit of $69K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 4 years of filings (2019–2022), I Would Rather Be Reading's revenue has grown at a compound annual growth rate (CAGR) of 115.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +39.1% | +185.8% | — |
| 2021 | +314.1% | +1700.5% | -100.0% |
| 2020 | +73.9% | -64.9% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for I Would Rather Be Reading has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates I Would Rather Be Reading with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $69K, with expenses exceeding revenue.
Frequently Asked Questions about I Would Rather Be Reading
Is I Would Rather Be Reading a legitimate charity?
Based on AI analysis of IRS 990 filings, I Would Rather Be Reading (EIN: 824974981) insufficient data. 0 red flags identified, 0 strengths noted.
How does I Would Rather Be Reading spend its money?
Detailed spending breakdown data is not yet available for I Would Rather Be Reading. Check back for updated IRS 990 analysis.
Are donations to I Would Rather Be Reading tax-deductible?
I Would Rather Be Reading is registered as a tax-exempt nonprofit (EIN: 824974981). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is I Would Rather Be Reading located?
I Would Rather Be Reading is headquartered in Louisville, Kentucky and files with the IRS under EIN 824974981. It is classified under NTEE code B92.
How many years of IRS 990 filings does I Would Rather Be Reading have?
I Would Rather Be Reading has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.1M in total revenue.
Filing History
IRS 990 filing history for I Would Rather Be Reading showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2019–2022), I Would Rather Be Reading's revenue has grown by 901.7%, moving from $54K to $541K. Total assets decreased by 100% over the same period, from $1 to $0. Total functional expenses rose by 1705.4%, from $34K to $610K. In its most recent filing year (2022), I Would Rather Be Reading reported a deficit of $69K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $541K | $610K | $0 | $0 | — | View 990 |
| 2021 | $389K | $213K | $0 | $0 | — | View 990 |
| 2020 | $94K | $12K | $1 | $0 | — | View 990 |
| 2019 | $54K | $34K | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $541K, expenses of $610K, and assets of $0 (revenue +39.1% year-over-year).
- 2021: Revenue of $389K, expenses of $213K, and assets of $0 (revenue +314.1% year-over-year).
- 2020: Revenue of $94K, expenses of $12K, and assets of $1 (revenue +73.9% year-over-year).
- 2019: Revenue of $54K, expenses of $34K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for I Would Rather Be Reading:
Data Sources and Methodology
This transparency report for I Would Rather Be Reading is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.