Reach Out and Read of Greater New York Inc

Analysis

Reach Out and Read of Greater New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 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 2023, Reach Out and Read of Greater New York Inc reported income of $1.8m and spending of $1.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $932k to $1.8m (+89%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 98% 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 of Greater New York Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include The Alliance for Health Equity ($1.8m), Rosen Parramore PS 8 Foundation Inc ($1.8m) and Martin Library Association ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $189k (11% of expenses). Other salaries and wages came to $318k. At year end it held assets of $1.4m against liabilities of $642k, net assets of $774k.