Every Child Can Read Inc

Analysis

Every Child Can Read Inc is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in October 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, Every Child Can Read Inc reported income of $330k and spending of $357k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $252k to $330k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Every Child Can Read Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IN. Charities of a similar size with the same main cause include Black Hollywood Education and Resource Center ($330k), Folds of Honor Foundation ($331k) and Holistic Integrated Services Foundation ($330k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $21k (5.8% of expenses). Other salaries and wages came to $165k. At year end it held assets of $334k against liabilities of $1,224, net assets of $333k. It reported 31 employees.