Operation Read Inc

Analysis

Operation Read Inc is a registered charity in United States, based in Warsaw, IN. It received its IRS tax-exemption ruling in October 1998, 28 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 December 2023, Operation Read Inc reported income of $90k and spending of $144k, spending 160% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $196k to $90k (-54%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 135% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Operation Read Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within IN. Charities of a similar size with the same main cause include World Peace Game Foundation ($90k), Onalaska Foundation for Educational Excellence Inc ($90k) and Napa High School Spiritleader Boosters Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 2.6% of the total. At year end it held assets of $124k against liabilities of $0, net assets of $124k.