Childrens Home of Reading

Analysis

Childrens Home of Reading is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in November 1947, 79 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, Childrens Home of Reading reported income of $671k and spending of $603k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $671k (-56%), an average of -19% a year. The sharpest change came in the year to June 2022, when income dropped by 36%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Home of Reading sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Ok to Share Ministry Inc ($671k), Choice House Inc ($671k) and Center for Conscious Living & Dying Inc ($671k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 13% of the total. At year end it held assets of $17.2m against liabilities of $477k, net assets of $16.7m.