Read-Aloud Delaware

Analysis

Read-Aloud Delaware is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in April 1987, 39 years ago. 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-Aloud Delaware reported income of $484k and spending of $477k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $439k to $484k (+10%), an average of +3.3% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Read-Aloud Delaware sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 64th percentile within DE. Charities of a similar size with the same main cause include Massachusetts Public Interest Research Group Education Fund Inc ($484k), Junior Achievement of Western Massachusetts ($484k) and Missouri State Medical Association Physicians Health Foundation ($484k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $89k (19% of expenses). Other salaries and wages came to $180k. At year end it held assets of $443k against liabilities of $123k, net assets of $320k. It reported 7 employees.