Mission
THE MISSION OF THE FOUNDATION FOR READING AREA COMMUNITY COLLEGE IS TO AUGMENT AND ENHANCE THE COLLEGE'S ABILITY TO OFFER AFFORDABLE, QUALITY EDUCATIONAL OPPORTUNITIES TO THE COMMUNITY.
Public Charity
FOUNDATION FOR READING AREA COMMUNITY COLLEGE
FOUNDATION FOR READING AREA COMMUNITY COLLEGE is a nonprofit organization categorized as Public Charity based in READING, PA. Its most recent IRS filing (2025) reports revenue of $4.1M, expenses of $3.6M, total assets of $32.0M. Imperigo tracks 35 reported grant relationships connected to this organization totaling approximately $1.8M.
EIN: 232273163
READING, PA
Two-Year Colleges
NTEE: B41
Latest filing: 2025
Total Revenue$4.1M
Total Expenses$3.6M
Total Assets$32.0M
Grant Records35
Funding Total$1.8M
Filing Years2021–2025
Where $100 goes at Foundation for Reading Area Community College
How Foundation for Reading Area Community College divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$57
To award scholarships and/or grants to future, present, and former students of the Reading area community college
$41
To maintain and develop the educational facilities and programs of Reading area community college
$2
To provide books and equipment for Reading area community college
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
GENERAL SUPPORT
$426,557
EDUCATION
$184,117
FOR SCHOLARSHIP ASSISTANCE FOR VETERANS AND SERVING MILITARY MEMBERS
$35,000
CHARITABLE DONATION
$20,185
For grant recipient's exempt purposes
$6,750
Showing up to 5 of 35 total records — full history available with membership.
Officers & Directors
DIRECTOR
Alexandra Goodman
EXECUTIVE DIRECTOR
Anthony Demarco
DIRECTOR
Becky Shemanski
DIRECTOR
Charles Fries
SECRETARY
Craig M Perrotty
DIRECTOR
Daniel B Laws Jr
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $4.1M | $3.6M | $32.0M |
| 2024 | $4.2M | $3.0M | $28.9M |
| 2023 | $1.9M | $1.9M | $25.4M |
| 2022 | $2.1M | $1.9M | $24.6M |
| 2021 | $1.9M | $1.6M | $26.9M |
Between 2021 and 2025, reported annual revenue grew from $1.9M to $4.1M (+113%), with total assets most recently reported at $32.0M.
Interactive year-over-year charts and full filing details available with membership.