Read to Me Stockton

Analysis

Read to Me Stockton is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Read to Me Stockton reported income of $110k and spending of $65k, leaving 41% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income fell from $305k to $110k (-64%), an average of -40% a year. The sharpest change came in the year to September 2022, when income dropped by 58%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Read to Me Stockton sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include The Ideal Community Economic and Education Development Inc ($110k), Heavens Reach Ministries ($110k) and Men of Intelligence Association Inc ($110k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $279k against liabilities of $0, net assets of $279k.