Kids Need to Read

Analysis

Kids Need to Read is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in September 2008, 18 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 March 2023, Kids Need to Read reported income of $1.2m and spending of $1.3m, spending 106% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $1.9m to $1.2m (-35%), an average of -10% a year. The sharpest change came in the year to March 2023, when income rose by 99%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kids Need to Read sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within AZ. Charities of a similar size with the same main cause include Codehouse Corporation ($1.2m), Ruths Reusable Resources ($1.2m) and Hispanic Alliance Ga ($1.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $51k (4.0% of expenses). Other salaries and wages came to $28k. At year end it held assets of $1.7m against liabilities of $7,401, net assets of $1.7m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.