Ready Readers

Analysis

Ready Readers is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in June 1999, 27 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 June 2023, Ready Readers reported income of $1.9m and spending of $1.5m, leaving 24% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $896k to $1.9m (+116%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 42%. 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, Ready Readers sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MO. Charities of a similar size with the same main cause include Young Mens Educational Network ($1.9m), STEM Academy Inc ($1.9m) and First Generation College Bound Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $72k (4.8% of expenses). Other salaries and wages came to $472k. It paid $46k in professional fundraising fees. At year end it held assets of $2.2m against liabilities of $248k, net assets of $1.9m. It reported 10 employees.