Reading Legacies

Analysis

Reading Legacies is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Reading Legacies reported income of $414k and spending of $428k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $290k to $414k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Reading Legacies 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 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Shemilah Outreach Center ($414k), Andrew Shaw Memorial Trust ($414k) and See Stories ($414k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $72k (17% of expenses). Other salaries and wages came to $233k. At year end it held assets of $243k against liabilities of $22k, net assets of $221k. It reported 9 employees.