Read Youth Charities
Read Youth Charities is a private foundation, based in Magnolia, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $53.4M in total assets. In 2025, it made $1.9M in qualifying distributions. Net investment income was $2.8M.
Read Youth Charities at a glance
- Total assets
- $53,351,579
- +3.0% vs 2024
- Revenue (2025)
- $3,088,235
- +0.9% vs 2024
- Qualifying distributions (2025)
- $1,922,116
- +23.4% vs 2024
- Expenses (2025)
- $1,507,566
- +6.8% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Read Youth Charities funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $50–100K range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2021 it made 1 grant totaling $52K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Texas Am University College Station, TX | Support Educational Mission of the Institution | $52,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2025 | $53,351,579 | $3,088,235 | $1,507,566 | — | — | $1,922,116 | $2,828,228 |
| 2024 | $51,796,016 | $3,061,631 | $1,411,069 | — | — | $1,557,688 | $2,813,032 |
| 2023 | $50,120,348 | $669,447 | $1,358,199 | — | — | $1,180,449 | $850,132 |
| 2022 | $50,809,062 | $46,173,291 | $1,135,025 | — | — | $1,002,604 | $3,000,091 |
| 2021 | $5,755,118 | $859,869 | $889,826 | $52,000 | 1 | — | $681,683 |
| 2020 | $5,930,843 | $2,957,039 | $771,661 | — | — | — | $60,485 |
| 2019 | $3,650,795 | $442,433 | $871,938 | — | — | — | $109,287 |
Leadership & Key People
Officers and directors from IRS filings
Read Youth Charities is led by Michael A Thornton, President & Chair since 2022 (on filings since 2021); 1 of 11 officers listed in 2025 is compensated.
Officers on the 2025 filing
Michael A Thornton
President & Chair
President → President & Chair, 2022
On filings since 2021
20 hrs/week
$24K (2021) → $52K (2025)
Frank Thomas
Trustee
On filings since 2019
0.5 hrs/week
No compensation reported
Paul Batista
Trustee
On filings since 2019
0.5 hrs/week
No compensation reported
Reid Cuming
Trustee
On filings since 2019
0.5 hrs/week
No compensation reported
Thomas Gilbert
Trustee
Secretary → Trustee, 2024
On filings since 2019
0.5 hrs/week
No compensation reported
G Scott Cuming IV
Trustee
On filings since 2022
0.5 hrs/week
No compensation reported
JN Whiddon
Trustee
On filings since 2022
0.5 hrs/week
No compensation reported
Reid Cuming III
Trustee
On filings since 2024
0.5 hrs/week
No compensation reported
Brian J Bergeron
Treasurer
On filings since 2022
0.5 hrs/week
No compensation reported
Thomas Read
Vice President
On filings since 2022
0.5 hrs/week
No compensation reported
Roy Cano
Secretary
Trustee → Secretary, 2024
On filings since 2023
0.5 hrs/week
No compensation reported
Former officers (6)
- Former: David W. Bergeron (2019–2021) — Treasurer
- Former: Leonard Ponder (2019–2021) — Chair Board
- Former: Maria Fowler (2019–2021) — Trustee
- Former: Robert L. Walker (2019–2021) — Trustee
- Former: Tom Read (2019–2021) — Trustee
- Former: Joan C. Read (2019) — President
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $52K, to Michael A Thornton (President/Chair).
Frequently asked questions about Read Youth Charities
How large is Read Youth Charities?
Read Youth Charities reported $53.4M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $3.1M.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 16, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 1, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 8, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 28, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 29, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 4, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 4, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in Read Youth Charities's focus areas in our free grants database
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