Read and Write Kalamazoo

Analysis

Read and Write Kalamazoo is a registered charity in United States, based in Kalamazoo, MI. 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 June 2023, Read and Write Kalamazoo reported income of $1.6m and spending of $382k, leaving 76% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $161k to $1.6m (+896%), an average of +78% a year. The sharpest change came in the year to June 2023, when income rose by 382%. Over the whole period it spent 41% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Read and Write Kalamazoo sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Providence Public Library Foundation ($1.6m), The Huda Academy ($1.6m) and Nashville Public Education Foundation ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $54k (14% of expenses). Other salaries and wages came to $161k. At year end it held assets of $2.0m against liabilities of $85k, net assets of $1.9m. It reported 9 employees.