Wise Readers to Leaders

Analysis

Wise Readers to Leaders is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Wise Readers to Leaders reported income of $1.1m and spending of $673k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $628k to $1.1m (+69%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 68% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Wise Readers to Leaders sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Downcity Design ($1.1m), Liberty Resources Family Services Inc ($1.1m) and Franklin Vanguard ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $83k (12% of expenses). Other salaries and wages came to $202k. At year end it held assets of $2.4m against liabilities of $2,136, net assets of $2.4m. It reported 44 employees.