Sit Stay Read Inc

Analysis

Sit Stay Read Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2004, 22 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, Sit Stay Read Inc reported income of $450k and spending of $536k, spending 119% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $601k to $450k (-25%), an average of -9.2% a year. The sharpest change came in the year to June 2022, when income dropped by 32%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sit Stay Read Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Education Foundation for Waxahachie Independent School District ($450k), Pinnacol Foundation ($450k) and Practice After School Program ($450k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (17% of expenses). Other salaries and wages came to $339k. At year end it held assets of $265k against liabilities of $32k, net assets of $233k. It reported 8 employees.