Reading Allowed

Analysis

Reading Allowed is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 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 December 2023, Reading Allowed reported income of $1.4m and spending of $1.5m, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $289k to $1.4m (+369%), an average of +67% a year. The sharpest change came in the year to December 2021, when income rose by 153%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reading Allowed sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include B Wright Leadership Academy Inc ($1.4m), Innovations in Healthcare Inc ($1.4m) and Independent Schools Association of the Southwest ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $55k (3.8% of expenses). Other salaries and wages came to $290k. At year end it held assets of $586k against liabilities of $38k, net assets of $549k. It reported 6 employees.