Reading Nook Academy

Analysis

Reading Nook Academy is a registered charity in United States, based in Brookhaven, MS. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Reading Nook Academy reported income of $659k and spending of $709k, spending 108% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $472k to $659k (+40%), an average of +40% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reading Nook Academy sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within MS. Charities of a similar size with the same main cause include Sprinkler Fitters Local 417 Training Fund ($659k), Alabama A&m University Trust for Educational Excellence ($659k) and Communities in Schools of the Twin Cities ($659k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $529k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 22 employees.