Ready to Succeed

Analysis

Ready to Succeed is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2019, 7 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 June 2023, Ready to Succeed reported income of $4.5m and spending of $2.9m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $607k to $4.5m (+649%), an average of +65% a year. The sharpest change came in the year to June 2022, when income rose by 413%. 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 to Succeed sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Trinity Christian Academy Foundation ($4.5m), Shares Inc ($4.5m) and Memphis Merit Academy ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $190k (6.7% of expenses). Other salaries and wages came to $1.1m. It paid $24k in professional fundraising fees. At year end it held assets of $3.1m against liabilities of $210k, net assets of $2.9m. It reported 21 employees.