Read to Succeed Buffalo Inc

Analysis

Read to Succeed Buffalo Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in February 2009, 17 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 December 2023, Read to Succeed Buffalo Inc reported income of $834k and spending of $848k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $802k to $834k (+4.1%), an average of +1.0% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Read to Succeed Buffalo Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Stuyvesant High School Parents Association Inc ($834k), Democracy a Journal of Ideas Inc ($835k) and Rising Stars Foundation Corp ($834k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $153k (18% of expenses). Other salaries and wages came to $372k. At year end it held assets of $1.1m against liabilities of $253k, net assets of $866k. It reported 10 employees.