Question 1

What is the mission of READ FOUNDATION?

Accepted Answer

READ FOUNDATION CHANGED ITS LEGAL STRUCTURE FROM A TRUST TO A CHARITABLE COMPANY, NO:1160256. HISTORICAL INFORMATION IS AVAILABLE UNDER THE PREVIOUS CHARITY NUMBER: 1114808.READ Foundation builds purpose built schools to provide quality education for poor and rural communities. It sponsors orphans & needy children to gain the skills needed to help themselves out of poverty.

Question 2

What is the financial size of READ FOUNDATION?

Accepted Answer

READ FOUNDATION is classified as a major charity. In the latest financial year, they reported a total income of £12,082,828 and total expenditure of £10,105,776.

Question 3

How does READ FOUNDATION allocate its spending?

Accepted Answer

For every pound spent, approximately 80.5% goes directly to charitable activities. The remaining 19.5% is spent on raising funds and administration. This is lower than the median for similar-sized charities (96.6%).

Question 4

What is the workforce structure of READ FOUNDATION?

Accepted Answer

READ FOUNDATION employs 59 staff members and is supported by 20 volunteers.

Question 5

Does READ FOUNDATION receive government funding?

Accepted Answer

To a small extent. Approximately 0.0% of their income comes from government grants or contracts.

Question 6

Does READ FOUNDATION pay its trustees?

Accepted Answer

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

READ FOUNDATION

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