Read Lakeland Inc

Analysis

Read Lakeland Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in August 1996, 30 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 March 2024, Read Lakeland Inc reported income of $56k and spending of $46k, spending 82% of its income. Across the 2 years on record, from March 2023 to March 2024, income grew from $43k to $56k (+30%), an average of +30% a year. The sharpest change came in the year to March 2024, when income rose by 30%. 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, Read Lakeland Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include Bridges Preparatory School PTO ($56k), PTO Kentucky Brandenburg Primary School ($56k) and Maryland Counseling Association Inc ($56k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 88% of the total. At year end it held assets of $44k against liabilities of $24k, net assets of $20k.