Reading Connections Inc

Analysis

Reading Connections Inc is a registered charity in United States, based in Hobart, WI. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reading Connections Inc reported income of $86k and spending of $90k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $99k to $86k (-13%), an average of -14% a year. Over the whole period it spent 123% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reading Connections Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within WI. Charities of a similar size with the same main cause include Kannapolis Education Foundation Inc ($86k), Bluejay Booster Club Inc ($86k) and Andover Huskies Baseball Booster Club ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.3% and program service revenue 91% of the total. At year end it held assets of $5,642 against liabilities of $708, net assets of $4,934.