Raising a Reader

Analysis

Raising a Reader is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in August 2023, 3 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, Raising a Reader reported income of $5.7m and spending of $4.8m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $5.7m (+47%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Raising a Reader sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Oswego College Foundation Inc ($5.7m), Orcid Inc ($5.7m) and Grand Rapids Community College Foundation ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $507k (11% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.4m against liabilities of $558k, net assets of $3.9m. It reported 22 employees.