Read2win Inc

Analysis

Read2win Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in December 2017, 9 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 December 2022, Read2win Inc reported income of $130k and spending of $161k, spending 124% of what it took in. Across the 3 years on record, from December 2019 to December 2022, income fell from $222k to $130k (-41%), an average of -23% a year. The sharpest change came in the year to December 2021, when income dropped by 38%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Read2win Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Golden Bears Foundation Inc ($130k), LA Cueva High School Choral ($130k) and The Learning Tree Inc ($130k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $140k. At year end it held assets of $54k against liabilities of $2,123, net assets of $51k.