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Screen a listRead Foundation Dba Memphis School of Excellence
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Listed with the IRS, but California flags it.
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- IRS listing
- Listed
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- Not current
- Charity type
- 509(a)(1)
$24Mrevenue
FY2025 · +51% in 3 yrs264staff
8 of 8years filed
’18’19’20’21’22’23’24’25
Revenue and spendingRevenueSpending
Against similar nonprofits FY2025
Operating margin4.5%
Months of reserve4.6mo
Revenue growth (annualized)+22.9%
Middle half of peersMedianRead Foundation Dba Memphis School of Excellence
Where the money goes FY2025 · $23M spent
Programs$16M69%Management and general$7.1M31%990 FY2025 · Part IX line 25
Worth checking1
Government grants fell 82% in FY2025
$6.1M in FY2024, $1.1M in FY2025.
990 Part VIIIIn its favor2
Strong governance
6 of 6 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 23% a year since FY2017, in the top quarter of similar nonprofits.
990 Part I · peer cohort7funders
$189ka year, last 3 years
56%from its largest funder
Funder’19’20’21’22’2350can IncNew in FY2023$320kDigital Promise GlobalNew in FY2023$210kMemphis Education Fund IncOn and off$20kDonor-advised giftsDonors not disclosed$18k
FundedThrough a donor-advised fund