Reading Edge Academy Inc

Analysis

Reading Edge Academy Inc is a registered charity in United States, based in Debary, FL. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Reading Edge Academy Inc reported income of $4.3m and spending of $4.9m, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.1m to $4.3m (+5.6%), an average of +1.8% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reading Edge Academy Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Alzheimers Family Services Center ($4.3m), Vermont Association of Snow Travelers Inc ($4.3m) and Center for Produce Safety ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $5.5m against liabilities of $1.7m, net assets of $3.8m. It reported 65 employees.