Jewish Federation of Reading Pennsylvania Inc

Analysis

Jewish Federation of Reading Pennsylvania Inc is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in September 1973, 53 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 December 2023, Jewish Federation of Reading Pennsylvania Inc reported income of $1.5m and spending of $1.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $712k to $1.5m (+117%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 210%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jewish Federation of Reading Pennsylvania Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Family Service Association Inc ($1.5m), Hacd Corp ($1.5m) and The Depaul School for Dyslexia Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $125k (8.7% of expenses). Other salaries and wages came to $387k. At year end it held assets of $1.4m against liabilities of $320k, net assets of $1.1m. It reported 19 employees.