Read Association of Saginaw County

Analysis

Read Association of Saginaw County is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in June 1977, 49 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, Read Association of Saginaw County reported income of $256k and spending of $266k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $210k to $256k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Read Association of Saginaw County sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Excellerated Teaching Academy Inc ($256k), Annette Mains Ministries Inc ($256k) and Bellevue Home Scho0l Enrichment ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $152k. At year end it held assets of $521k against liabilities of $100k, net assets of $422k. It reported 7 employees.