Reader to Reader Inc

Analysis

Reader to Reader Inc is a registered charity in United States, based in Amherst, MA. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Reader to Reader Inc reported income of $213k and spending of $287k, spending 135% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $454k to $213k (-53%), an average of -17% a year. The sharpest change came in the year to September 2022, when income dropped by 28%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Reader to Reader Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Friends of Shaarei Torah Inc ($213k), Utah Valley Refugees ($214k) and Seminole Region Charity Golf Tournament Incorporated ($213k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $106k (37% of expenses). Other salaries and wages came to $85k. At year end it held assets of $519k against liabilities of $18k, net assets of $500k. It reported 3 employees.