Reading Hot Stovers Inc

Analysis

Reading Hot Stovers Inc is a registered charity in United States, based in Mohnton, PA. It received its IRS tax-exemption ruling in December 1979, 47 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Reading Hot Stovers Inc reported income of $51k and spending of $48k, spending 95% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $52k to $51k (-2.6%), an average of -2.6% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reading Hot Stovers Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within PA. Charities of a similar size with the same main cause include Clipped Wings United Air Lines Stewardess Alumnae & Flight Attend ($51k), PTA Florida Congress ($51k) and R and G Dillon Cares ($51k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 0.6% and program service revenue 82% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.