Reading Is Essential for All People Inc

Analysis

Reading Is Essential for All People Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 2014, 12 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, Reading Is Essential for All People Inc reported income of $284k and spending of $272k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $174k to $284k (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 89%. 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, Reading Is Essential for All People Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within GA. Charities of a similar size with the same main cause include Teays Valley Educational Foundation ($284k), Flower Mound High School Rosette Booster Club ($284k) and Iowa Dental Foundation ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $55k (20% of expenses). Other salaries and wages came to $82k. At year end it held assets of $273k against liabilities of $414, net assets of $273k. It reported 5 employees.