Reader Institute for Community Journalism Inc

Analysis

Reader Institute for Community Journalism Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Reader Institute for Community Journalism Inc reported income of $3.4m and spending of $3.8m, spending 112% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $291k to $3.4m (+1055%), an average of +126% a year. The sharpest change came in the year to December 2021, when income rose by 271%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Reader Institute for Community Journalism Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Colorado Music Festival ($3.4m), Carpenters Company of the City and County of Philadelphia ($3.4m) and Lowndes-Valdosta Arts Commission Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. Compensation of current officers, directors and key employees was $196k (5.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $581k against liabilities of $635k, net assets of -$55k. It reported 44 employees.