Nonprofit screen
Screen a listRead USA 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)
$3.0Mrevenue
FY2025141staff
7 of 8years filed
’18’19’20’21’22’23’24’25
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2025
Operating margin−24.6%
Months of reserve0.3mo
Revenue growth (annualized)+57.3%
Middle half of peersMedianRead USA
Where the money goes FY2025 · $3.7M spent
Programs$2.6M69%Management and general$1.1M29%Fundraising$87k2%990 FY2025 · Part IX line 25
Worth checking2
No return on record for FY2022
It filed for FY2021 and FY2023, with nothing on record in between.
IRS 990 e-file recordsDeficits in 3 of the last 3 years
−$755k in FY2023, −$966k in FY2024 and −$732k in FY2025. Cash covers 0.3 months, under the peer median of 3.9.
990 Part I and balance sheetIn its favor2
Growing faster than peers
Revenue up 57% a year since FY2017, in the top quarter of similar nonprofits.
990 Part I · peer cohortFunders stay
5 of the 6 funders that gave before FY2021 are still giving.
Funders’ 990-PF grant lists33funders
$725ka year, last 3 years
45%from its largest funder
Funder’19’20’21’22’23Blue Cross Blue Shield of Florida FoundationSince FY2021$5k$5k$265kOrmjmp FoundationSince FY2022$100k$100kUnited Way of Northeast Florida IncNew in FY2023$188kMichael Ward and Jennifer Glock FoundationSince FY2022$75k$75kAccelerate - the National Collaborative for Accelerated LearningNew in FY2023$75kVyStar Credit UnionSince FY2021$10k$25k$20kDonor-advised giftsDonors not disclosed$5$470k$195k$356k18 other fundersUp to $23k a year each$8k$21k$29k$93k$90k
FundedThrough a donor-advised fund