Arise2read

Analysis

Arise2read is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in July 2015, 11 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 2023, Arise2read reported income of $587k and spending of $652k, spending 111% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $546k to $587k (+7.5%), an average of +2.4% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arise2read sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within TN. Charities of a similar size with the same main cause include Central Cooperative Kindergarten Inc ($587k), Hotchkiss Library of Sharon Inc ($587k) and Achievement Rewards for College Scientists Foundation Inc ($587k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $104k (16% of expenses). Other salaries and wages came to $214k. At year end it held assets of $773k against liabilities of $11k, net assets of $763k. It reported 18 employees.