READING SCHOLARSHIP FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

READING SCHOLARSHIP FOUNDATION INC

EIN 23-7365813 · Scholarships & Student Financial Aid (B82)

What they do

AWARDING EDUCATIONAL SCHOLARSHIPS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $93.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe explanation is very short. Ask what work they really do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

42.43%of revenue went to mission work93.5% of expenses · Program services

1.89%of revenue went to fundraising4.2% of expenses

$45.37spent for every $100 of revenueRevenue covered expenses this year.

1.04%of revenue went to management and office costs2.3% of expenses

$20.09in assets for every $1 spent this yearSome assets cannot be spent right away.

25.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$538,574

Mission workProgram services$228,51742.43% of revenue93.5% of expenses

ManagementOffice and general costs$5,6191.04% of revenue2.3% of expenses

FundraisingAsking for donations$10,2051.89% of revenue4.2% of expenses

Total expenses$244,34145.37% of revenue

The uncolored part of the ring is revenue above these reported expenses.

Has the pattern changed?

Each bar shows the share of annual spending reported for mission work, management, and fundraising.

202493.5% mission

202391.9% mission

202292.1% mission

202190.6% mission

202086.7% mission

201988.1% mission

201890.4% mission

201789.4% mission

Money in and money out

Revenue$538,574

Expenses$244,341

Annual surplus $294,233 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$228,517 · 93.5% of expenses

Management and office costs$5,619 · 2.3% of expenses

Fundraising$10,205 · 4.2% of expenses

See all reported dollar amounts

Revenue$538,574

Expenses$244,341

Assets$4,907,868

Income$5,279,561

Contributions$138,974

Mission work (program services)$228,517

Fundraising$10,205

Management and general$5,619

Stocks and bonds$4,906,152

Accounting fees$3,619

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

See everyone listed on the board or leadership roster (23)

KAREN HERRICKDIRECTOR

THOMAS MEHARGDIRECTOR

THOMAS FRATTOTREASURER

SUSAN SCHWARTZASSIST TREASURE

SUSAN COLELLADIRECTOR

ROC OCONNELLDIRECTOR

REN OCONNELLDIRECTOR

POOJA PARSONSDIRECTOR

PAULINE HAROOTIANDIRECTOR

PATTY WHITEPRESIDENT

MARY HAGSTROMDIRECTOR

MARCIA TOOMEYVICE PRESIDENT

ANNE SCHOFIELDDIRECTOR

KAREN BURKECLERK

JOAN VAILLANCOURTDIRECTOR

JEANNE THOMASESDIRECTOR

JAY DUMASDIRECTOR

JANE DARVEAUDIRECTOR

ELLEN TERRYDIRECTOR

ELIZABETH DAVIDSONDIRECTOR

ELAINE SMITHDIRECTOR

DINA DUFFYDIRECTOR

CHERYL DORENFELDDIRECTOR

About this charity

Recognized since: January 1975
Location: PO BOX 492, READING, MA 01867
County: Middlesex
In care of: PATRICIA WHITE
Primary officer: PATRICIA WHITE, President

How to reach them

WebsiteVisit the charity’s website Phone(781) 820-3472

Filing and classification

Latest tax year: 2024
Tax period began: October 1, 2024
Return type: 990
Tax preparer: CAMERLENGO & ASSOCIATES
NTEE classification: Scholarships & Student Financial Aid (B82)
IRS tax category: Scholarships & Student Financial Aid