Read and Feed

Analysis

Read and Feed is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in April 2006, 20 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, Read and Feed reported income of $628k and spending of $469k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $178k to $628k (+254%), an average of +37% a year. The sharpest change came in the year to June 2020, when income rose by 187%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Read and Feed sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Dallas Legal Hospice ($628k), Illinois Valley Center for Independent Living ($628k) and Family Values for Life ($628k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $126k (27% of expenses). Other salaries and wages came to $103k. At year end it held assets of $989k against liabilities of $53k, net assets of $936k. It reported 7 employees.