Read to Grow Inc

Analysis

Read to Grow Inc is a registered charity in United States, based in Branford, CT. It received its IRS tax-exemption ruling in May 2000, 26 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, Read to Grow Inc reported income of $1.4m and spending of $1.3m, spending 93% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.1m to $1.4m (-32%), an average of -7.5% a year. The sharpest change came in the year to June 2020, when income dropped by 45%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Read to Grow Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Center for Active Design Inc ($1.4m), Conductive Learning Center of North America ($1.4m) and Wilson Academy Incorporated ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $108k (8.0% of expenses). Other salaries and wages came to $555k. At year end it held assets of $1.8m against liabilities of $237k, net assets of $1.6m. It reported 17 employees.