Ethiopia Reads

Analysis

Ethiopia Reads is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 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 June 2023, Ethiopia Reads reported income of $256k and spending of $209k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $221k to $256k (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ethiopia Reads sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include Sunnyvale Isd Education Foundation Inc ($256k), Dianova Foundation ($256k) and Alta Corner Canyon Cycling Club Inc ($256k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Other salaries and wages came to $25k. At year end it held assets of $361k against liabilities of $15k, net assets of $346k. It reported 1 employees.