Reading Is Fundamental of Southern California Incorporated

Analysis

Reading Is Fundamental of Southern California Incorporated is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in January 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Is Fundamental of Southern California Incorporated reported income of $521k and spending of $493k, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $406k to $521k (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reading Is Fundamental of Southern California Incorporated sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Barrington 220 Educational Foundation ($521k), Foundation for the Advancement of Catholic Schools Inc ($521k) and Redeemer Day School Inc ($520k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $122k (25% of expenses). Other salaries and wages came to $84k. It paid $573 in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $3,703, net assets of $1.0m. It reported 3 employees.