Reading in Motion

Analysis

Reading in Motion is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1983, 43 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Reading in Motion reported income of $983k and spending of $1.0m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $983k (-41%), an average of -12% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Reading in Motion sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Mindpop ($983k), Friends of L & N Depot Inc ($983k) and Ifpda Foundation Inc ($982k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $293k (28% of expenses). Other salaries and wages came to $335k. At year end it held assets of $612k against liabilities of $115k, net assets of $498k. It reported 14 employees.