Ready for Good Co

Analysis

Ready for Good Co is a registered charity in United States, based in Lawrence, KS. It received its IRS tax-exemption ruling in July 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 2023, Ready for Good Co reported income of $676k and spending of $623k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $358k to $676k (+89%), an average of +89% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ready for Good Co sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within KS. Charities of a similar size with the same main cause include Wesley Center Inc ($676k), Buffalo Trace Childrens Advocacy Center Inc ($676k) and Hope Mission Foundation ($676k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $68k (11% of expenses). Other salaries and wages came to $101k. At year end it held assets of $97k against liabilities of $11k, net assets of $86k. It reported 50 employees.