Ready2bsocial

Analysis

Ready2bsocial is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Ready2bsocial reported income of $422k and spending of $350k, spending 83% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $105k to $422k (+301%), an average of +301% a year. The sharpest change came in the year to December 2022, when income rose by 301%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ready2bsocial sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IN. Charities of a similar size with the same main cause include Greater Works Charities Inc ($422k), Kno Qoti Native Wellness Inc ($422k) and For the Love of a Veteran Inc ($422k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $202k (58% of expenses). Other salaries and wages came to $119k. At year end it held assets of $75k against liabilities of $0, net assets of $75k. It reported 19 employees.