Read Better Be Better

Analysis

Read Better Be Better is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in December 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, Read Better Be Better reported income of $1.7m and spending of $1.6m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $565k to $1.7m (+204%), an average of +32% a year. The sharpest change came in the year to June 2020, when income rose by 176%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Read Better Be Better sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within AZ. Charities of a similar size with the same main cause include Kansas City Public Schools Education Foundation ($1.7m), Indy Latin School Association Inc ($1.7m) and East Grand Rapids Schools Foundation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $148k (9.3% of expenses). Other salaries and wages came to $956k. At year end it held assets of $2.4m against liabilities of $88k, net assets of $2.3m.