Read to Me Project

Analysis

Read to Me Project is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in September 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 June 2024, Read to Me Project reported income of $437k and spending of $445k, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $480k to $437k (-8.9%), an average of -1.9% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Read to Me Project sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include VPHS Gridiron Booster Club ($437k), Fort Worth Sparc ($437k) and Extended School Program Inc ($437k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $93k (21% of expenses). Other salaries and wages came to $250k. At year end it held assets of $631k against liabilities of $8,240, net assets of $623k. It reported 7 employees.