Reading to Kids

Analysis

Reading to Kids is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2000, 26 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, Reading to Kids reported income of $251k and spending of $199k, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $201k to $251k (+25%), an average of +7.7% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Reading to Kids 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 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Midwest Principals Center Inc ($251k), Fairfield Child Development Center ($251k) and Stepping Stones Pre School ($251k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $115k. At year end it held assets of $301k against liabilities of $4,956, net assets of $296k. It reported 2 employees.