Reading Is Fundamental Honolulu Inc

Analysis

Reading Is Fundamental Honolulu Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in April 1979, 47 years ago. 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 2024, Reading Is Fundamental Honolulu Inc reported income of $99k and spending of $82k, spending 83% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $89k to $99k (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Reading Is Fundamental Honolulu Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within HI. Charities of a similar size with the same main cause include Boone County Historical Society ($99k), The Philadelphia Coalition Inc ($99k) and Mott Opportunity Today and Tomorrow Inc ($99k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% of the total. At year end it held assets of $708k against liabilities of $0, net assets of $708k.