Everyone Reading Inc

Analysis

Everyone Reading Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 August 2023, Everyone Reading Inc reported income of $680k and spending of $625k, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $954k to $680k (-29%), an average of -8.1% a year. The sharpest change came in the year to August 2022, when income rose by 362%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Everyone Reading 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 75th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Thomas Hospital Foundation Inc ($680k), California Sunrise Foundation ($680k) and Emergency Services Foundation of Texas Inc ($680k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.1% and program service revenue 86% of the total. Other salaries and wages came to $105k. At year end it held assets of $452k against liabilities of $148k, net assets of $304k.