Room to Read

Analysis

Room to Read is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in December 1999, 27 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 December 2023, Room to Read reported income of $61.1m and spending of $65.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $59.8m to $61.1m (+2.1%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Room to Read sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Albright College ($61.1m), Montana State University Foundation ($61.2m) and Mojave River Academy Schools ($61.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.0m (1.6% of expenses). Other salaries and wages came to $27.8m. At year end it held assets of $74.2m against liabilities of $10.7m, net assets of $63.5m. It reported 97 employees.