Rabbit Room Inc / The Rabbit Room 
The information on this page was last updated 6/27/2023. If you see errors or omissions, please email: [email protected]
Summary
Music: From the beginning, music has been a central gathering point for the Rabbit Room community. Whether through live events like the Local Show, new releases from favorite artists, or the discovery of fresh new talent, we believe music brings people together.
Story: Through books, movies, theater, and other media, the magic of storytelling has the power to shape not only our minds, but the world around us. And story, like music, has the kind of magic that not only draws people closer to one another, but draws them further up and further into the great Story.
Art: Painting, gardening, pottery, woodcraft, parenting, cooking--whenever we spend our energy in creative action, art is the result. And it's these creative acts, large and small, that remind us we are ourselves the work of a Creator. Art is sacramental, pointing us toward the Truth present in every atom of Creation.
Contact information
Mailing address:
The Rabbit Room
188 Front Street
Suite 166-44
Franklin, TN 37064
Website: rabbitroom.com
Phone: 615-390-7083
Email: [email protected]
Organization details
EIN: 475081441
CEO/President: Andrew Peterson / Pete Peterson
Chairman: Andrew Peterson
Board size: 7
Founder: Andrew Peterson
Ruling year: 2016
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
The Rabbit Room's primary objective is to develop a Christ-centered community that fosters spiritual formation through music, art, and story, and provide that to the public through events and other media, enabling growth in their faith and relationships.
Mission statement
The Rabbit Room cultivates and curates stories, music, and art to nourish Christ-centered communities for the life of the world.
Statement of faith
Donor confidence score
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Christian Growth
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 651 of 1106 | 31 of 60 |
| Fund acquisition rating | | 373 of 1107 | 18 of 60 |
| Resource allocation rating | | 683 of 1107 | 32 of 60 |
| Asset utilization rating | | 765 of 1106 | 44 of 60 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 1% | 15% | 0% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 0% | 8% | 0% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 81% | 22% | 53% | 23% | 33% | 24% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 5% | 0% | 7% | 0% | 0% | 0% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 19% | 78% | 47% | 77% | 67% | 76% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 81% | 70% | 100% | 100% | 80% |
Spending ratio Spending ratio = Total expenses / Total revenue | 96% | 86% | 110% | 85% | 69% | 80% |
Program output ratio Program output ratio = Program services / Total revenue | 78% | 70% | 77% | 85% | 69% | 63% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 4% | 14% | -10% | 15% | 31% | 20% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 7% | 13% | -5% | 36% | 77% | 79% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 12% | 18% | 23% | 0% | 0% | 20% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.02 | 0.68 | 0.44 | 1.54 | 1.29 | 2.21 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.40 | 1.63 | 1.70 | 1.88 | 1.77 | 1.37 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.44 | 1.10 | 0.75 | 2.91 | 2.27 | 3.03 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.90 | 4.08 | 3.25 | 23274.17 | 14207.21 | 9391.28 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.11 | 0.25 | 0.31 | 0.00 | 0.00 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 7.11 | 8.24 | 11.06 | 4.13 | 5.28 | 3.96 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 12% | 15% | 24% | 24% | 26% | 29% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 6% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 82% | 126% | 171% | 49% | 57% | 32% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $761,568 | $611,234 | $825,410 | $596,703 | $237,030 |
| Receivables, inventories, prepaids | $710,350 | $770,201 | $12,460 | $0 | $101,056 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1,471,918 | $1,381,435 | $837,870 | $596,703 | $338,086 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $923,754 | $960,955 | $487,542 | $456,842 | $0 |
| Other long-term assets | $0 | $0 | $253,159 | $0 | $124,541 |
| Total long-term assets | $923,754 | $960,955 | $740,701 | $456,842 | $124,541 |
| Total assets | $2,395,672 | $2,342,390 | $1,578,571 | $1,053,545 | $462,627 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $360,931 | $425,500 | $36 | $42 | $36 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $360,931 | $425,500 | $36 | $42 | $36 |
| Debt | $0 | $140,077 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $374,059 | $278,848 | $133,130 |
| Total long-term liabilities | $0 | $140,077 | $374,059 | $278,848 | $133,130 |
| Total liabilities | $360,931 | $565,577 | $374,095 | $278,890 | $133,166 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $1,594,300 | $1,356,573 | $0 | $0 | $0 |
| With donor restrictions | $440,441 | $420,240 | $0 | $0 | $0 |
| Net assets | $2,034,741 | $1,776,813 | $1,204,476 | $774,655 | $329,461 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $419,831 | $497,373 | $660,035 | $650,636 | $307,918 |
| Program service revenue | $849,208 | $616,447 | $2,205,997 | $1,304,686 | $977,023 |
| Membership dues | $0 | $0 | $125 | $0 | $0 |
| Investment income | $0 | $0 | $0 | $0 | $0 |
| Other revenue | $605,995 | ($172,553) | $0 | $0 | $0 |
| Total other revenue | $1,455,203 | $443,894 | $2,206,122 | $1,304,686 | $977,023 |
| Total revenue | $1,875,034 | $941,267 | $2,866,157 | $1,955,322 | $1,284,941 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $1,316,981 | $725,543 | $2,436,336 | $1,356,133 | $815,555 |
| Management and general | $295,191 | $236,285 | $0 | $0 | $208,209 |
| Fundraising | $4,934 | $75,222 | $0 | $0 | $0 |
| Total expenses | $1,617,106 | $1,037,050 | $2,436,336 | $1,356,133 | $1,023,764 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $257,928 | ($95,783) | $429,821 | $599,189 | $261,177 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $257,928 | ($95,783) | $429,821 | $599,189 | $261,177 |
Compensation
| Name | Title | Compensation |
| Arthur Pete Peterson | Vice President | $74,868 |
| Andrew Peterson | President | $44,812 |
Compensation data as of: 12/31/2022
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 6/27/2023. To update the information below, please email: [email protected]
History
The Rabbit Room was conceived as an experiment in creative community. After author/singer/songwriter Andrew Peterson's first visit to the Oxford home of C. S. Lewis, he returned to Nashville with a conviction that community nourishes good and lasting work. The Rabbit Room, the name of the back room of the pub where the Oxford Inklings (including Lewis, Tolkien, and Charles Williams) shared their stories, began as a simple blog of contributing authors, songwriters, artists, and pastors.
Over the years, with the help of Andrew's brother, author A. S. "Pete" Peterson, as well as encouragement from the loyal Rabbit Room contributors and readers, the Rabbit Room has grown to include podcasts, a thriving music and book store, Rabbit Room Press, a yearly conference called Hutchmoot, The Local Show, and an office in a 150-year-old farmhouse called North Wind Manor.