Childrens Home Of Reading

Organization Overview

Childrens Home Of Reading is located in Reading, PA. The organization was established in 1947. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Home Of Reading is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Childrens Home Of Reading generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $541.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (18.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE FUNDS TO HELP AFFILIATE ORGANIZATION TO FUND PROGRAMS TO PROVIDE SERVICES TO COUNTY YOUTHS, INCLUDING COMMUNITY RESIDENTIAL CARE, SHELTER CARE, FOSTER CARE, AND DRUG AND ALCOHOL PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONTRIBUTIONS TO AFFILIATE TO FUND PROGRAMS TO PROVIDE SERVICES TO COUNTY YOUTHS, INCLUDING COMMUNITY RESIDENTIAL CARE, SHELTER CARE, FOSTER CARE, AND DRUG AND ALCOHOL PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Vincent Lasorsa PHD
Member
$81,010
W Lee Prussman
Chairperson
$0
Robert J Cagliola
Treasurer
$0
Jennifer Gassen
Secretary-N/v
$0
Dr Louis D Mancano
Vice Chairperson
$0
Dr Christopher F Valente
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$379,098
Government grants $16,496
All other contributions, gifts, grants, and similar amounts not included above$307,983
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$703,577
Total Program Service Revenue$0
Investment income $159,270
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $193,307
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,096,202

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Childrens Home Of Reading has recieved totaling $189,522.

Awarding OrganizationAmount
Custer Musser Memorial Fund Ud 11609-00

Pittsburgh, PA

PURPOSE: GENERAL OPERATING

$117,259
United Way Of Berks County

Reading, PA

PURPOSE: PARTNER AGENCY INVESTMENTS: FOSTER CARE/ADOPTION

$45,322
Gail E Gass Miller Trust 10186-00-J

Las Vegas, NV

PURPOSE: GENERAL OPERATING PURPOSES

$10,607
Samuel N Potteiger Tuw

Las Vegas, NV

PURPOSE: GENERAL OPERATING PURPOSES

$8,334
Archer Caroline Fbo Et Al Tuw

Las Vegas, NV

PURPOSE: GENERAL OPERATING

$3,400
Bartlett Foundation

Las Vegas, NV

PURPOSE: GENERAL OPERATING

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,384,955
Earnings$508,208
Admin Expense$12,120
Net Contributions$10,486
Ending Balance$1,891,529

Peer Organizations

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