Reading Assist Institute

Analysis

Reading Assist Institute is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in August 1989, 37 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 Assist Institute reported income of $3.4m and spending of $3.1m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $3.4m (+178%), an average of +29% a year. The sharpest change came in the year to June 2022, when income rose by 213%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reading Assist Institute sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within DE. Charities of a similar size with the same main cause include Faith Academy of Marble Falls ($3.4m), Millersville University Foundation ($3.4m) and Northwestern Regional Library ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $133k (4.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.3m against liabilities of $284k, net assets of $4.0m. It reported 290 employees.