Lead to Read Inc

Analysis

Lead to Read Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lead to Read Inc reported income of $914k and spending of $1.1m, spending 122% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $242k to $914k (+277%), an average of +30% a year. The sharpest change came in the year to June 2020, when income rose by 87%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lead to Read Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within MO. Charities of a similar size with the same main cause include Lincoln Child Care Center Inc ($914k), Power of Putnam Inc ($914k) and Calm Waters Center for Children and Families Inc ($914k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $94k (8.4% of expenses). Other salaries and wages came to $586k. It paid $22k in professional fundraising fees. At year end it held assets of $925k against liabilities of $105, net assets of $925k. It reported 34 employees.