Reading & Writing Ventures Foundation Inc

Analysis

Reading & Writing Ventures Foundation Inc is a registered charity in United States, based in Greenfield, MA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Reading & Writing Ventures Foundation Inc reported income of $188k and spending of $159k, spending 85% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $431k to $188k (-56%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 66%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Reading & Writing Ventures Foundation Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Safe Kids of Georgia Inc ($188k), Anthem Rotary Foundation ($188k) and Wvi Dolphin Foundation ($188k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $207k against liabilities of $0, net assets of $207k.