Readiness Center Inc

Analysis

Readiness Center Inc is a registered charity in United States, based in Benton Harbor, MI. It received its IRS tax-exemption ruling in September 1985, 41 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 June 2024, Readiness Center Inc reported income of $432k and spending of $371k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $323k to $432k (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Readiness Center Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MI. Charities of a similar size with the same main cause include Texas Foundation of Hope Inc ($432k), Beloved Foundation ($432k) and Globel Foster Care ($432k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $64k (17% of expenses). Other salaries and wages came to $148k. At year end it held assets of $2.9m against liabilities of $3,963, net assets of $2.9m. It reported 6 employees.