Start the Adventure in Reading Inc

Analysis

Start the Adventure in Reading Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in April 1991, 35 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, Start the Adventure in Reading Inc reported income of $574k and spending of $432k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $381k to $574k (+51%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Start the Adventure in Reading Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within LA. Charities of a similar size with the same main cause include Snowmass Village Public Education Fund ($574k), Texas Law Review Association ($574k) and Waterloo Community Schools Foundation ($574k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $101k (23% of expenses). Other salaries and wages came to $112k. At year end it held assets of $495k against liabilities of $7,047, net assets of $488k. It reported 6 employees.