Read to Me International Foundation

Analysis

Read to Me International Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Read to Me International Foundation reported income of $556k and spending of $464k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $423k to $556k (+31%), an average of +7.1% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Read to Me International Foundation sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within HI. Charities of a similar size with the same main cause include Mennonite Historians of Eastern Pennsylvania Inc ($556k), Artfest Fort Myers Inc ($556k) and Old Art Building ($556k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $72k (16% of expenses). Other salaries and wages came to $167k. At year end it held assets of $1.0m against liabilities of $31k, net assets of $994k. It reported 6 employees.