Read to Succeed Inc

Analysis

Read to Succeed Inc is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in December 2005, 21 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 2024, Read to Succeed Inc reported income of $231k and spending of $223k, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $244k to $231k (-5.6%), an average of -1.1% a year. The sharpest change came in the year to June 2020, when income dropped by 21%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Read to Succeed Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Peace-Link Corporation ($231k), Entrepreneurs Organization ($231k) and Communities in Schools of Fitzgerald-Ben Hill Co Inc ($231k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $52k (23% of expenses). Other salaries and wages came to $55k. At year end it held assets of $114k against liabilities of $0, net assets of $114k. It reported 6 employees.