Reading Power Inc

Analysis

Reading Power Inc is a registered charity in United States, based in Lake Forest, IL. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Reading Power Inc reported income of $1.9m and spending of $1.6m, spending 83% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $840k to $1.9m (+128%), an average of +18% a year. The sharpest change came in the year to June 2024, when income rose by 54%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Reading Power Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include Overtown Children and Youth Coalition ($1.9m), Boys Girls Club of North Mississipp I ($1.9m) and Free Flow Soccer Club ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.4m against liabilities of $313k, net assets of $1.0m. It reported 36 employees.