Reach Out and Read Colorado

Analysis

Reach Out and Read Colorado is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Reach Out and Read Colorado reported income of $1.7m and spending of $1.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $324k to $1.7m (+422%), an average of +51% a year. The sharpest change came in the year to June 2020, when income rose by 196%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Reach Out and Read Colorado sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Indiana 4-H Foundation ($1.7m), The Bridge Golf Foundation Inc ($1.7m) and Bridges Community Development Corporation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $145k (8.6% of expenses). Other salaries and wages came to $486k. At year end it held assets of $1.2m against liabilities of $32k, net assets of $1.2m. It reported 12 employees.