Read Aloud West Virginia Inc

Analysis

Read Aloud West Virginia Inc is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in June 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 2024, Read Aloud West Virginia Inc reported income of $242k and spending of $246k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $280k to $242k (-13%), an average of -3.5% a year. The sharpest change came in the year to June 2024, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Read Aloud West Virginia Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within WV. Charities of a similar size with the same main cause include Consumer Bankruptcy Assistance Project Inc ($242k), First United Methodist Church Foundation Inc ($242k) and Memphremagog Senior Citizen Housing Inc ($242k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $137k. At year end it held assets of $249k against liabilities of $5,293, net assets of $243k. It reported 6 employees.