Reading Heart

Analysis

Reading Heart is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reading Heart reported income of $1.3m and spending of $348k, leaving 74% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $527k to $1.3m (+155%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 508%. Over the whole period it spent 50% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reading Heart sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Skaneateles Library Association ($1.3m), Southeastern New York Library Resources Council ($1.3m) and National Roofing Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.