Readaloud Org

Analysis

Readaloud Org is a registered charity in United States, based in Alden, MI. It received its IRS tax-exemption ruling in August 2021, 5 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 2024, Readaloud Org reported income of $153k and spending of $297k, spending 194% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $408k to $153k (-62%), an average of -18% a year. The sharpest change came in the year to June 2024, when income rose by 281%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Readaloud Org sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within MI. Charities of a similar size with the same main cause include Bernard M Baruch College Alumni Association Inc ($153k), Crofton High Cardinal Club Inc ($153k) and Truth Academy ($153k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $179k (60% of expenses). At year end it held assets of $871k against liabilities of $0, net assets of $871k. It reported 3 employees.