Read Foundation USA

Analysis

Read Foundation USA is a registered charity in United States, based in Lake Orion, MI. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2023, Read Foundation USA reported income of $452k and spending of $379k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $452k (+540%), an average of +540% a year. The sharpest change came in the year to December 2023, when income rose by 540%. Over the whole period it spent 73% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Read Foundation USA sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Earthspark International Corp ($452k), Agape International Children Ministries ($452k) and Paradigm Shift ($452k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $148k against liabilities of $6,552, net assets of $142k.