The Phyllis Wheatley Rise to Read Campaign Inc

Analysis

The Phyllis Wheatley Rise to Read Campaign Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Phyllis Wheatley Rise to Read Campaign Inc reported income of $244k and spending of $160k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $28k to $244k (+784%), an average of +784% a year. The sharpest change came in the year to December 2023, when income rose by 784%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Phyllis Wheatley Rise to Read Campaign Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Come Over Ministry Inc ($244k), Filipino Bayanihan Center ($244k) and Van Ness Main Streets Inc ($244k).

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 $32k (20% of expenses). Other salaries and wages came to $52k. At year end it held assets of $94k against liabilities of $7,941, net assets of $86k. It reported 9 employees.