Reading Is Fundamental of Northern Virginia Inc

Analysis

Reading Is Fundamental of Northern Virginia Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in September 1975, 51 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, Reading Is Fundamental of Northern Virginia Inc reported income of $247k and spending of $104k, leaving 58% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $90k to $247k (+175%), an average of +29% a year. The sharpest change came in the year to June 2022, when income rose by 134%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reading Is Fundamental of Northern Virginia Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include Sheen Educational Foundation ($247k), Better World Education ($247k) and South Carolina First Steps to School Readiness Board of Trustees ($247k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.8% of the total. At year end it held assets of $409k against liabilities of $0, net assets of $409k.