Childrens Reading Center Inc

Analysis

Childrens Reading Center Inc is a registered charity in United States, based in Palatka, FL. It received its IRS tax-exemption ruling in January 2000, 26 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, Childrens Reading Center Inc reported income of $3.1m and spending of $2.4m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $3.1m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2022, when income dropped by 100%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Childrens Reading Center Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Constructing Hope Pre- Apprenticeship Program ($3.1m), International Brotherhood of Teamsters Scholarship Fund ($3.1m) and Prefund ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $4.8m against liabilities of $1.6m, net assets of $3.3m. It reported 46 employees.