Read to Succeed Asheville

Analysis

Read to Succeed Asheville is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in April 2011, 15 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 June 2023, Read to Succeed Asheville reported income of $451k and spending of $469k, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $233k to $451k (+93%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 101% 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 Asheville sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Academy of Media Arts Foundation ($451k), Lake Washington High School Booster Club ($451k) and Catholic School Foundation of the Diocese of Sioux City Iowa ($451k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $213k (45% of expenses). Other salaries and wages came to $99k. At year end it held assets of $71k against liabilities of $9,619, net assets of $61k. It reported 4 employees.