Read to a Child Inc

Analysis

Read to a Child Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in February 2006, 20 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 September 2023, Read to a Child Inc reported income of $1.7m and spending of $1.5m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $1.7m (+25%), an average of +5.8% a year. The sharpest change came in the year to September 2021, when income rose by 51%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Read to a Child Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Learning Point Alaska Inc ($1.7m), Wholespire Inc ($1.7m) and Walnut Farm Montessori School ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $146k (9.9% of expenses). Other salaries and wages came to $965k. At year end it held assets of $979k against liabilities of $78k, net assets of $902k. It reported 68 employees.