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Filing year 2023

Read Youth Charities

Magnolia, Texas·EIN 23-7048642·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$3.1M
Total assets
$51.8M
Total expenses
$1.4M
Reported officers
11

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Texas.

President/chair
Board President
Median to 75th percentile
$57k
$61k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Houston-The Woodlands-Sugar Land, TX metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at Read Youth Charities equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2023)
4%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$0

Itemized grants

0

Up 8%
from 2022

From $53k in 2022 to $57k in 2023.

$53k
2022
$57k
2023
In today's dollarsEst.
Up 5% in real terms$58k to $61k

Estimated with Houston-The Woodlands-Sugar Land, TX metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board President pay rose 8% from 2022 to 2023, while revenue rose 357%.

$53k in 2022 to $57k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about Read Youth Charities

What does the Board President of Read Youth Charities earn?

In 2023, the Board President of Read Youth Charities received $57,250 in total compensation. This pay is above the median (the midpoint) for Board President roles among Philanthropy, Voluntarism & Grantmaking organizations in Texas, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board President pay at Read Youth Charities compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Texas, the 2023 pay of the Board President at Read Youth Charities falls between the median and the 75th percentile. In 2023, the highest total compensation at Read Youth Charities equaled 4% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are Read Youth Charities's revenue and expenses?

In 2023, Read Youth Charities reported $3.1M in total revenue and $1.4M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.