Project Read

Analysis

Project Read is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Project Read reported income of $309k and spending of $259k, spending 84% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $189k to $309k (+64%), an average of +28% a year. The sharpest change came in the year to June 2024, when income rose by 58%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Read sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within UT. Charities of a similar size with the same main cause include Shine Behavioral Academy ($309k), Arcadia High School Booster Club ($310k) and Early Learning Center at Richard Winn ($309k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $75k (29% of expenses). Other salaries and wages came to $106k. At year end it held assets of $274k against liabilities of $18k, net assets of $256k.