Read to Them Inc

Analysis

Read to Them Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 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, Read to Them Inc reported income of $4.4m and spending of $4.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $2.9m to $4.4m (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 120%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Read to Them Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Education Pioneers Inc ($4.4m), National Academies of Emergency Dispatch ($4.4m) and Miles Ahead Charter School ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $168k (4.1% of expenses). Other salaries and wages came to $633k. At year end it held assets of $2.6m against liabilities of $473k, net assets of $2.1m. It reported 13 employees.