Project Read Inc

Analysis

Project Read Inc is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Project Read Inc reported income of $62k and spending of $63k, spending 103% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $72k to $62k (-14%), an average of -14% a year. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Read Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within OH. Charities of a similar size with the same main cause include Korean Language Foundation Inc ($62k), Bedminster Elementary School PTG Inc ($62k) and Charlie Bates Solar Astronomy Project Inc ($62k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.