New York · Nonprofit
READ 718 INC
READ 718 INC (New York) receives grants from 54 organizations whose IRS filings report $2,355,211 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($399,875). 29 of them have funded it in more than one year.
- Revenue FY2025
- $1.2M
- Funders on record
- 54
- Grants received
- $2.4M
- Net assets
- $1.2M
What Read 718 Inc does
Mission
Read 718 provides individualized and small group literacy instruction to children in grades 1-8 from low-income households in brooklyn. Services are provided in our two literacy centers as well as remotely.
As stated on its FY2025 Form 990.
Program
During the 2024-2025 school year, read 718 served 283 children, anincrease of about 5% over the prior year, providing over 10,000 hoursof one-to-one and small group instruction. For each 10 week cycle, weserved between 55-65 students in read 718 after school (in-person inour two literacy centers) and between 75-95 students in read 718remote. In addition, we served 138 students across all of our summer2025 programming, which includes summer reading room (in person andremote), rising readers (in person only), summer writing workshops (inperson only), and summer book club (remote only).
$661,321 spent$14,962 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $661,321.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $905k to $1.2M (+34%).
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.
Government-grant reliance: 2021 10% · 2022 7%. Grants only. Government contracts and fees sit inside program revenue.
96% of READ 718 INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (48% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Emily Kirven
Executive director
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 4 funders to 20 funders, grant income rose $16k → $311k.
11 of 54 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 30% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of READ 718 INC’s funders (the co-funder graph). Top 30 of 54 funders by total. 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
READ 718 INC has a broad base — no single funder exceeds 17% of grant income, and it takes 6 funders to reach half.
the vertical line marks half of all grant income — 6 funders to its left
36% 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 READ 718 INC.
Largest funder’s share by year: 2017 63% · 2018 51% · 2019 60% · 2020 30% · 2021 15% · 2022 26% · 2023 24% — diversifying over time.
“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.
How long its funders stay
50% of READ 718 INC's funders are still giving 3 years after their first grant; 54% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
53% of READ 718 INC's grant income comes from New York funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $712k arriving through sponsors registered in 8 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. 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.
Against its field
READ 718 INC runs a healthier operating margin than three-quarters of the 9,615 education nonprofits its size.
this organization peer median middle 50% of peers· 9,615 education nonprofits $1M–$10M, FY2025
Organizations like READ 718 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 New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
72% of spending goes to programs.
Governance
Public support
77%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for READ 718 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.
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 READ 718 INC?
- READ 718 INC (New York) receives grants from 54 organizations whose IRS filings report $2,355,211 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($399,875). 29 of them have funded it in more than one year.
- How many funders does READ 718 INC have?
- IRS filings report 54 organizations giving $2,355,211 in grants to READ 718 INC, 29 of which have funded it in more than one year.
- Who is the largest funder of READ 718 INC?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $399,875 in grants. The full list of funders is on this page.
- How can an organization like READ 718 INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. 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 Read 718 →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 54 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 22, 2026. What this page cannot tell you · view filing