Family Reading Partnership

Analysis

Family Reading Partnership is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in February 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 March 2023, Family Reading Partnership reported income of $200k and spending of $292k, spending 146% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $256k to $200k (-22%), an average of -5.9% a year. The sharpest change came in the year to March 2022, when income rose by 17%. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Family Reading Partnership sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Chantilly Charges Inc ($200k), Hampton Band Association ($200k) and Asbury Elementary Ptso ($200k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $71k (24% of expenses). Other salaries and wages came to $66k. At year end it held assets of $176k against liabilities of $12k, net assets of $163k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.