Reading Education Foundation

Analysis

Reading Education Foundation is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in January 2007, 19 years ago. 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 Education Foundation reported income of $250k and spending of $80k, leaving 68% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $154k to $250k (+62%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 39%. Over the whole period it spent 30% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reading Education Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Federation of Womens Clubs Inc Marion County ($250k), Miraloma Nursery School ($250k) and Transformations by Austin Angels ($250k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% of the total. At year end it held assets of $473k against liabilities of $0, net assets of $473k.