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 .
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 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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