Read Alliance Inc

Analysis

Read Alliance Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 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 August 2023, Read Alliance Inc reported income of $3.9m and spending of $3.8m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.2m to $3.9m (+78%), an average of +15% a year. The sharpest change came in the year to August 2021, when income rose by 91%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Read Alliance Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include The Child and Family Network Centers Inc ($3.9m), West Dallas Community School ($3.9m) and Schoolcraft Learning Community ($3.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 93% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $386k (10% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $4.4m against liabilities of $1.1m, net assets of $3.3m. It reported 569 employees.