The Russell Life Skills and Reading Foundation Inc

Analysis

The Russell Life Skills and Reading Foundation Inc is a registered charity in United States, based in Plantation, FL. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 July 2023, The Russell Life Skills and Reading Foundation Inc reported income of $457k and spending of $447k, spending 98% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $560k to $457k (-18%), an average of -5.0% a year. The sharpest change came in the year to July 2020, when income dropped by 21%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Russell Life Skills and Reading Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include San Juan County Life Skills Foundation ($456k), Axis Teen Centers ($457k) and Chicago Mobile Makers ($456k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 78% and program service revenue 3.5% of the total. Other salaries and wages came to $280k. At year end it held assets of $349k against liabilities of $16k, net assets of $333k. It reported 41 employees.