Prime Time Family Reading

Analysis

Prime Time Family Reading is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 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 October 2023, Prime Time Family Reading reported income of $12.7m and spending of $14.5m, spending 114% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $6.0m to $12.7m (+113%), an average of +21% a year. The sharpest change came in the year to October 2021, when income rose by 129%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Prime Time Family Reading sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within LA. Charities of a similar size with the same main cause include American Friends of University College Oxford Inc ($12.7m), Harriet Tubman Charter School ($12.7m) and Cove School Inc ($12.7m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 115% of the total. Other salaries and wages came to $8.0m. At year end it held assets of $4.4m against liabilities of $1.4m, net assets of $3.0m. It reported 126 employees.