Read 2 Lead Afghanistan Corp

Analysis

Read 2 Lead Afghanistan Corp is a registered charity in United States, based in Hauppauge, NY. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Read 2 Lead Afghanistan Corp reported income of $74k and spending of $72k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $191k to $74k (-61%), an average of -38% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Read 2 Lead Afghanistan Corp sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Kiwanis Club of Madison Foundation ($74k), Lonely Whale Inc ($74k) and International Heavy Haul Association ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,609 against liabilities of $0, net assets of $2,609.