Digital Ready Inc

Analysis

Digital Ready Inc is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Digital Ready Inc reported income of $2.0m and spending of $970k, leaving 51% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $886k to $2.0m (+125%), an average of +125% a year. The sharpest change came in the year to June 2023, when income rose by 125%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Digital Ready Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Career Compass of Louisiana ($2.0m), Early Learning Child Care Inc ($2.0m) and Heart of Iowa School Tuition Organization Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $387k. At year end it held assets of $1.3m against liabilities of $3,553, net assets of $1.3m. It reported 7 employees.