Readykids Inc

Analysis

Readykids Inc is a registered charity in United States, based in Charlottesville, VA. It received its IRS tax-exemption ruling in December 1963, 63 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Readykids Inc reported income of $3.6m and spending of $3.3m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.8m to $3.6m (-6.6%), an average of -1.7% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Readykids Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Lift Foundation ($3.6m), Bread of Life International Inc ($3.6m) and Jewish Family & Career Services of Louisville Inc ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $148k (4.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $6.2m against liabilities of $325k, net assets of $5.8m. It reported 57 employees.