Read to Succeed Inc

Analysis

Read to Succeed Inc is a registered charity in United States, based in Hope, RI. It received its IRS tax-exemption ruling in July 2009, 17 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 September 2023, Read to Succeed Inc reported income of $460k and spending of $575k, spending 125% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $572k to $460k (-20%), an average of -5.3% a year. The sharpest change came in the year to September 2021, when income rose by 79%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Read to Succeed Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within RI. Charities of a similar size with the same main cause include Rosie Riveters ($460k), Community Learning Network ($460k) and Air Force Academy Real Estate Trust ($460k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% of the total. It paid $60k in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.