Ready for Reading Inc

Analysis

Ready for Reading Inc is a registered charity in United States, based in Dorset, VT. It received its IRS tax-exemption ruling in April 2018, 8 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, Ready for Reading Inc reported income of $271k and spending of $228k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $223k to $271k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ready for Reading Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 51st percentile within VT. Charities of a similar size with the same main cause include Hillside Academy Inc ($271k), Words in the Wild ($271k) and Rural Education and Workforce Alliance ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $2,000 (0.9% of expenses). At year end it held assets of $67k against liabilities of $0, net assets of $67k. It reported 1 employees.