Daily Dose of Reading

Analysis

Daily Dose of Reading is a registered charity in United States, based in South Euclid, OH. It received its IRS tax-exemption ruling in April 2003, 23 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, Daily Dose of Reading reported income of $82k and spending of $135k, spending 165% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $120k to $82k (-32%), an average of -17% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Daily Dose of Reading sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within OH. Charities of a similar size with the same main cause include Reynoldsburg High School Band Boosters ($82k), Lake City High School Booster Club Inc ($82k) and Kentucky Restaurant Association Educational Foundation Inc ($82k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. At year end it held assets of $120k against liabilities of $150, net assets of $120k.