Reading Partners

Analysis

Reading Partners is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in May 2001, 25 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, Reading Partners reported income of $36.2m and spending of $35.6m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $25.2m to $36.2m (+44%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reading Partners sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Voorhees University ($36.2m), Corban University ($36.3m) and The Webb Schools ($36.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $1.9m (5.4% of expenses). Other salaries and wages came to $20.5m. At year end it held assets of $41.8m against liabilities of $3.7m, net assets of $38.1m. It reported 754 employees.