Teach My Kid to Read Inc

Analysis

Teach My Kid to Read Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in June 2018, 8 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 December 2023, Teach My Kid to Read Inc reported income of $85k and spending of $86k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $26k to $85k (+222%), an average of +222% a year. The sharpest change came in the year to December 2023, when income rose by 222%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Teach My Kid to Read Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Brothers for Christ Community Response ($85k), Grace Resurrection Association for Christian Endeavors Inc ($85k) and Friends of Sivananda Ashram Yoga in the Caribbean Inc ($85k).

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 $13k against liabilities of $321, net assets of $12k.