Raising Readers in Story County

Analysis

Raising Readers in Story County is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Raising Readers in Story County reported income of $208k and spending of $217k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $337k to $208k (-38%), an average of -11% a year. The sharpest change came in the year to June 2022, when income dropped by 57%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Raising Readers in Story County sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IA. Charities of a similar size with the same main cause include Oromo Community Inc MPLS St Paul ($208k), Your Hometown Collective Inc ($208k) and Connectability Inc ($208k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $22k (10% of expenses). Other salaries and wages came to $102k. At year end it held assets of $765k against liabilities of $23k, net assets of $741k. It reported 14 employees.