The Reading Foundation

Analysis

The Reading Foundation is a registered charity in United States, based in Lacey, WA. It received its IRS tax-exemption ruling in July 2001, 25 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, The Reading Foundation reported income of $469k and spending of $490k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $252k to $469k (+86%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Reading Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within WA. Charities of a similar size with the same main cause include Creative Learning for Children Inc ($469k), Fospe Inc ($469k) and Foundation for Pottstown Education ($469k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 4.3% of the total. Other salaries and wages came to $128k. At year end it held assets of $271k against liabilities of $0, net assets of $271k. It reported 5 employees.