Reading Residential Programs Inc

Analysis

Reading Residential Programs Inc is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Reading Residential Programs Inc reported income of $137k and spending of $186k, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $124k to $137k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Reading Residential Programs Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Valentine Court II Inc ($137k), Mid Peninsula Murphys Inc ($137k) and Bridge Housing Corporation ($137k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $799k against liabilities of $679k, net assets of $119k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.