Reach Out and Read Rhode Island

Analysis

Reach Out and Read Rhode Island is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in September 2001, 25 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 June 2024, Reach Out and Read Rhode Island reported income of $396k and spending of $654k, spending 165% of what it took in. Across the 5 years on record, from June 2019 to June 2024, income grew from $376k to $396k (+5.1%), an average of +1.3% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reach Out and Read Rhode Island sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within RI. Charities of a similar size with the same main cause include Global Exploration for Educatorsorganization ($396k), Rossmoor Scholarship Foundation ($396k) and Steam Engine Inc ($396k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $238k. At year end it held assets of $414k against liabilities of $17k, net assets of $397k. It reported 5 employees.