World Change Starts With Educated Children

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Brian Shuffler Prof. Torres ECON-1A and 1B – Term Paper Word count – 3089 May 13th, 2015 Room to Read Introduction Room to Read ‘World Change Starts with Educated Children’ is a non-profit business founded in 1998 by John Wood. In fact, he was a former Microsoft executive. The organization is worldwide with the main goal of promoting educational and literacy opportunities equally for both boys and girls. They are currently providing these services in the following countries Bangladesh, Cambodia, India, Laos, Nepal, South Africa, Sri Lanka, Tanzania, Vietnam and Zambia. They do this by building schools, libraries and training of local teachers. Also, they live and work by the mantra that all children especially in the developing world …show more content…

Room to Read - Sales Performance Room to Read receives its funding primarily from cash donations and donations in-kind (donation of children books by publishers) from the United States, and money raised outside the United States. According to their 2013 audited financials $41.6 million cash donations were received (a 3% increase over 2012 $40.2 million), $6.3 million in donations in-kind (a 128% increase over 2012 $2.8 million), and $14.8 million were received from outside the United States (Out Story). Room to Read - Market Performance Room to Read market share according to its founders, is the crucial gap in services where over 250 million children worldwide are growing up without access to fundamental literacy skills. In my research, I was unable to gather any data available to scientifically measure the market share of these types of social entrepreneurial non-profit businesses. According to their annual report they have benefited over 10 million children in the countries that they are currently servicing (Our Story). Room to Read - Statistical performance Charity Navigator, one of the nation’s most recognized and respected evaluator of non-profit charitable organizations has awarded Room to Read for eight consecutive years in a row its Charity Navigator 4-star rating. The rating criteria are based on several factors the financial health, and accountability and transparency of the organization. For instance, the overall score was 93.69 (out of 100). The

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