Read Muskegon

Analysis

Read Muskegon is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in March 2006, 20 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 Muskegon reported income of $446k and spending of $485k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $230k to $446k (+94%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Read Muskegon sits at the 66th percentile: it is larger than about 66% 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 Idaho Governors Cup Scholarshipfund Inc ($446k), Imago Dei Classical Academy Inc ($446k) and Edgewater Collective ($446k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 10% of the total. Other salaries and wages came to $317k. At year end it held assets of $262k against liabilities of $61k, net assets of $201k. It reported 9 employees.