Smart Reading

Analysis

Smart Reading is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in April 1996, 30 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 June 2023, Smart Reading reported income of $4.4m and spending of $4.7m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $4.4m (+1.8%), an average of +0.5% a year. The sharpest change came in the year to June 2020, when income dropped by 24%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Smart Reading sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within OR. Charities of a similar size with the same main cause include Itineris Early College High School ($4.4m), Upper Peninsula Health Education Corporation ($4.4m) and Sullivan House High School Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $267k (5.6% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $6.5m against liabilities of $170k, net assets of $6.3m. It reported 58 employees.