Become a part of our village and help us raise a city of readers!
EITC donations make a BIG difference!
Philadelphia READS is an approved recognized Educational Improvement Organization under the EITC program. The program is administered by PA’s Department of Community and Economic Development, authorizing tax credits to businesses – LIKE YOURS – that want to give back to the community.
How does it work?
The EITC Program allows businesses to make charitable contributions based on the amount of Pennsylvania state taxes they pay. The program provides companies with a 75% tax credit for donations to an Educational Improvement Organization. If the company commits to making the same donation for two consecutive years, the tax credit increases to 90%. A company authorized to do business in Pennsylvania can receive up to $750,000 in tax credits annually.
What is an Educational Improvement Organization?
An organization that provides "innovative educational programs", such as Philadelphia READS!
For organizations that apply and are approved for this program, there are a host of taxes that are eligible for tax credits, including:
Capital Stock/Foreign Franchise Tax
Corporate Net Income Tax
Bank Shares Tax
Title Insurance & Trust Company Shares Tax
Insurance Premiums Tax (excluding surplus lines, unauthorized, domestic/foreign marine)
Mutual Thrift Tax
Gross Receipts Tax
Tax under the Insurance Company Law of 1921
Personal Income Tax
For more information, including information on applying and deadlines, visit the DCED website (www.DCED.pa.gov).
How EITC contributions make a difference through Philadelphia READS:
EITC funds help support our four signature programs, making sure that kids in our city have books to read and the support to not only learn HOW to read, but to grow a love of reading to last a lifetime. From books, to supplies, to teachers and coordinators and more, your donations help keep us strong, so that we can serve Philadelphia’s most under resourced and vulnerable populations. For more information about our programs, click here.
For more information about making an EITC gift, or to meet with our leaders to find out more about our work, contact: firstname.lastname@example.org.
Philadelphia READS is a nonprofit 501(c)(3) organization – contributions to which are tax deductible to the fullest extent permitted by law. The official registration and financial information of Philadelphia READS may be obtained from the Pennsylvania Department of State by calling toll free, within Pennsylvania, 800-732-0999. Registration does not imply endorsement.