Readers 2 Leaders

Analysis

Readers 2 Leaders is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Readers 2 Leaders reported income of $2.6m and spending of $2.2m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.6m (+102%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 84% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Readers 2 Leaders sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include One Village Alliance ($2.5m), Boys & Girls Club of Dane County Foundation Inc ($2.6m) and Summer Camp Opportunities Promote Education Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $117k (5.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.7m against liabilities of $715k, net assets of $2.0m. It reported 34 employees.