Start Reading Now

Analysis

Start Reading Now is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 2016, 10 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 September 2023, Start Reading Now reported income of $143k and spending of $151k, spending 105% of what it took in. Across the 2 years on record, from September 2019 to September 2023, income fell from $237k to $143k (-40%), an average of -40% a year. The sharpest change came in the year to September 2023, when income dropped by 40%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Start Reading Now sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within MN. Charities of a similar size with the same main cause include Michael Glynn Memorial Coalition ($143k), Marfa Education Foundation Inc ($143k) and Tomball High School Charms Booster Club ($143k).

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 $8,311 against liabilities of $0, net assets of $8,311.