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Florida · Nonprofit

NEED TO READ INC

NEED TO READ INC (Florida) receives grants from 5 organizations whose IRS filings report $223,500 to it, the largest being UNIVERSAL ORLANDO FOUNDATION INC ($160,000). 2 of them have funded it in more than one year.

Revenue FY2024
$76k
Funders on record
5
Grants received
$224k
Net assets
$51k
2/5 repeat fundersgrants exceed reported revenue in one year
01What it does

What Need to Read Inc does

Mission

To help children age infant to five years old enhance pre-reading and literacy skills while combating childhood low literacy. Our organisation provide families with resources that are lacking in their communities to foster literacy

As stated on its FY2024 Form 990-EZ.

Program

  1. N2rs pilot programme has laid the foundation for establishing a community wide and eventually a nation wide prereading program to combat low literacy among small children. (grants $0)

The program described on its FY2024 Form 990-EZ.

02The organization over time

The organization over time

Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20192019 Revenue 100 ($63k) Expenses 100 ($36k) Net assets 100 ($61k)2020 Revenue 176 ($111k) Expenses 35 ($12k) Net assets 262 ($159k)2021 Revenue 71 ($45k) Expenses 120 ($43k) Net assets 266 ($162k)2022 Revenue 131 ($83k) Expenses 368 ($131k) Net assets 130 ($79k)2023 Revenue 58 ($37k) Expenses 101 ($36k) Net assets 131 ($80k)2024 Revenue 120 ($76k) Expenses 294 ($104k) Net assets 84 ($51k)
201920202021202220232024
Revenue (120)Expenses (294)Net assets (84)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $61k to $159k (+162%).

$61k
$159k
$162k
$79k
$80k
$51k
201920202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

97% of NEED TO READ INC’s revenue is contributions — more donation-reliant than the typical peer (65% for the typical peer).

This organization
Typical peer · 26,798 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 6 reported years ran a deficit.

$28k
’19
$99k
’20
$2k
’21
−$48k
’22
$838
’23
−$29k
’24

Leadership and staff

Chief executive

Roderick Zak

Chairman [:amp:] CEO

As listed on its FY2024 Form 990-EZ.

03Who funds it

Who funds it, year by year

2019 → 2023: the base held at 1 funder, grant income rose $20k → $40k.

From the IRS filings of NEED TO READ INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

NEED TO READ INC leans on a few funders — its largest provides 72% of grant income and the top three 96%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

72% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NEED TO READ INC.

72%
largest funder
96%
top three
~2
effective funders

Largest funder’s share by year: 2019 100% · 2020 91% · 2022 96% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

93% of NEED TO READ INC's grant income comes from Florida funders.

NY
NC
FL

In-state vs out-of-state, by year

’19
’20
’22
’23
Florida out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

NEED TO READ INC has grown faster than half of the 21,859 education nonprofits its size.

Operating margin−38% · bottom quartile
Revenue growth (annualized)4% · above the median

this organization peer median middle 50% of peers· 21,859 education nonprofits under $100k, FY2024

Organizations like NEED TO READ INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Florida

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for NEED TO READ INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds NEED TO READ INC?
NEED TO READ INC (Florida) receives grants from 5 organizations whose IRS filings report $223,500 to it, the largest being UNIVERSAL ORLANDO FOUNDATION INC ($160,000). 2 of them have funded it in more than one year.
How many funders does NEED TO READ INC have?
IRS filings report 5 organizations giving $223,500 in grants to NEED TO READ INC, 2 of which have funded it in more than one year.
Who is the largest funder of NEED TO READ INC?
UNIVERSAL ORLANDO FOUNDATION INC is the largest funder on record, with $160,000 in grants. The full list of funders is on this page.
How can an organization like NEED TO READ INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Need to Read →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2019–2024), and the filings of 5 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing