Kids Read Now

Analysis

Kids Read Now is a registered charity in United States, based in Troy, OH. It received its IRS tax-exemption ruling in August 2012, 14 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 September 2023, Kids Read Now reported income of $5.6m and spending of $5.6m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.6m to $5.6m (+118%), an average of +22% a year. The sharpest change came in the year to September 2021, when income rose by 63%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kids Read Now sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Ball Charter Schools Dobson ($5.6m), National University Academy Sparrow ($5.6m) and Davidson Charter Academy Inc ($5.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $195k (3.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.9m against liabilities of $4.4m, net assets of -$2.5m. It reported 30 employees.