Read Youth Charities
Read Youth Charities is a private foundation, based in MAGNOLIA, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $51.8M in total assets. In 2024, it made $1.6M in qualifying distributions. Net investment income was $2.8M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$51.8M
+3.3% YoY
Revenue
$3.1M
+357.3% YoY
Qualifying Distributions
$1.6M
+32.0% YoY
Expenses
$1.4M
+3.9% YoY
About Read Youth Charities
Based on IRS filings
Read Youth Charities is a private foundation, based in MAGNOLIA, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $51.8M in total assets. In 2024, it made $1.6M in qualifying distributions. Net investment income was $2.8M.
Ready to take the next step with Read Youth Charities?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $51,796,016 | $50,120,348 | $50,809,062 |
| Revenue | $3,061,631 | $669,447 | $46,173,291 |
| Expenses | $1,411,069 | $1,358,199 | $1,135,025 |
| Qualifying Distributions | $1,557,688 | $1,180,449 | $1,002,604 |
| Net Investment Income | $2,813,032 | $850,132 | $3,000,091 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael A Thornton | President/Chair | 20 | $57,250 |
| Thomas Read | Vice President | 0.5 | — |
| Roy Cano | Secretary | 0.5 | — |
| Brian J Bergeron | Treasurer | 0.5 | — |
| Paul Batista | Trustee | 0.5 | — |
| Reid Cuming | Trustee | 0.5 | — |
| G Scott Cuming IV | Trustee | 0.5 | — |
| Thomas Gilbert | Trustee | 0.5 | — |
| Reid Cuming III | Trustee | 0.5 | — |
| Frank Thomas | Trustee | 0.5 | — |
| JN Whiddon | Trustee | 0.5 | — |
Frequently Asked Questions
How large is Read Youth Charities?
As of 2024, Read Youth Charities holds $51.8M in total assets with $3.1M in annual revenue.
Where does Read Youth Charities operate?
Read Youth Charities has awarded grants in Texas.
What is Read Youth Charities's EIN?
Read Youth Charities's EIN (Employer Identification Number) is 23-7048642. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Read Youth Charities's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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