Ready for School Ready for Life

Analysis

Ready for School Ready for Life is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in October 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 2022, Ready for School Ready for Life reported income of $6.4m and spending of $7.1m, spending 112% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $361k to $6.4m (+1661%), an average of +105% a year. The sharpest change came in the year to December 2019, when income rose by 457%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ready for School Ready for Life sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Green River College Foundation ($6.4m), Aurora Collegiate Academy Inc ($6.4m) and Legacy Traditional School - North Phoenix ($6.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $327k (4.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.2m against liabilities of $1.1m, net assets of $3.1m. It reported 25 employees.