Nonprofit screen
Screen a listRead for Literacy Inc
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$443krevenue
FY2025 · +15% in 3 yrs5staff
8 of 8years filed
’18’19’20’21’22’23’24’25
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2025
Operating margin5.6%
Months of reserve1.5mo
Revenue growth (annualized)+0.7%
Middle half of peersMedianRead for Literacy
Where the money goes FY2025 · $418k spent
Programs$354k85%Management and general$29k7%Fundraising$35k8%990 FY2025 · Part IX line 25
Worth checking2
A funder worth 10% of revenue stopped after FY2022
Toledo Classic Inc gave about $35k a year for two years, 10% of revenue in FY2022.
Funders’ 990-PF grant listsDeficits in 2 of the last 3 years
−$881 in FY2023 and −$54k in FY2024. Cash covers 1.5 months, under the peer median of 6.7.
990 Part I and balance sheetIn its favor1
Strong governance
13 of 13 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VI25funders
$93ka year, last 3 years
37%from its largest funder
Funder’17’18’19’20’21’22’23Blade FoundationEvery year since FY2017$29k$32k$30k$33k$35k$35k$35kToledo Classic IncOn and off$30k$40kThe O-I Charities FoundationOn and off$21k$18k577 FoundationStopped after FY2020$7k$7k$7k$3k–United Way of Greater ToledoStopped after FY2018$9k$7k–Landman-Goldman FoundationOn and off$10kDonor-advised giftsDonors not disclosed$23k$28k$27k$31k$41k$33k$30k13 other fundersUp to $10k a year each$11k$1k$2k$300$9k$24k
FundedThrough a donor-advised fundStopped