Lets Get Ready Inc

Analysis

Lets Get Ready Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2000, 26 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 August 2023, Lets Get Ready Inc reported income of $4.3m and spending of $3.5m, spending 81% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.4m to $4.3m (+25%), an average of +5.7% a year. The sharpest change came in the year to August 2021, when income rose by 42%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lets Get Ready Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Yeshiva Derech Hatorah-Yeshivat Mizrachi Lbanim ($4.3m), Compass School ($4.3m) and Harding Fine Arts Academy Inc ($4.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $217k (6.3% of expenses). Other salaries and wages came to $2.1m. It paid $8,000 in professional fundraising fees. At year end it held assets of $3.8m against liabilities of $89k, net assets of $3.7m. It reported 141 employees.