Reading Is Fundamental Pittsburg

Analysis

Reading Is Fundamental Pittsburg is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Reading Is Fundamental Pittsburg reported income of $1.3m and spending of $1.4m, spending 108% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $1.3m to $1.3m (-1.3%), an average of -0.3% a year. The sharpest change came in the year to May 2021, when income rose by 69%. Over the whole period it spent 92% 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 Pittsburg sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Penobscot Christian School ($1.3m), The Contributor Inc ($1.3m) and Netzach Educational Network Inc ($1.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 92% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $235k (17% of expenses). Other salaries and wages came to $483k. At year end it held assets of $3.4m against liabilities of $153k, net assets of $3.2m. It reported 16 employees.