Read Early and Daily R E a D

Analysis

Read Early and Daily R E a D is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in June 2018, 8 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 2023, Read Early and Daily R E a D reported income of $341k and spending of $214k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $160k to $341k (+113%), an average of +113% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Read Early and Daily R E a D sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include First Gen Scholars ($341k), Learning Forward Education Center ($341k) and Georgia School of Addiction Studies Inc ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $16k (7.7% of expenses). Other salaries and wages came to $37k. At year end it held assets of $272k against liabilities of $47k, net assets of $225k. It reported 9 employees.