Ready Inc

Analysis

Ready Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in March 2022, 4 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 2022, Ready Inc reported income of $94k and spending of $134k, spending 143% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $194k to $94k (-51%), an average of -51% a year. The sharpest change came in the year to December 2022, when income dropped by 51%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ready Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within CT. Charities of a similar size with the same main cause include Pandemic Patients ($94k), Inspire Up Inc ($94k) and Community Dinner Table Incorporated ($94k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,580 against liabilities of $8,690, net assets of -$6,110.