Minnesota · Nonprofit
READING AND MATH INC
READING AND MATH INC (Minnesota) receives grants from 27 organizations whose IRS filings report $265,582,838 to it, the largest being SERVEMINNESOTA ($262,867,857). 12 of them have funded it in more than one year.
- Revenue FY2025
- $90M
- Funders on record
- 27
- Grants received
- $266M
- Net assets
- $3.3M
What Reading and Math Inc does
Mission
To transform lives while working to engage people in national service, we focus on replicating and expanding evidence-based programs to address critical gaps in educational achievement, economic opportunity and other emergent social issues.
As stated on its FY2025 Form 990.
Programs
Education programs - reading corps, math corps and early learning corps are high-dosage tutoring programs designed to help students develop reading and math proficiency. These national programs train americorps members to deliver evidence-based literacy and math interventions to students in pre-kindergarten - 8th grade. Rigorous third-party research found strong evidence that students who receive tutoring from reading corps, math corps and early learning corps make greater gains and faster progress than their peers who do not receive tutoring. Delivering high-impact tutoring with this cost-effective and scalable model, these proven programs served 63,814 students during the 2024-25 program year.
$65,978,082 spent$1,839,744 earned by the program78% of program spendingHealthy futures programs focus on strengthening communities and improving future outcomes. Focused on supporting efforts to address substance use disorder or housing insecurity, americorps members serving with healthy futures programs make an incredible impact. During the 2024-25 program year, offerings included recovery corps & heading home corps. Together, members supported 6,500 individuals and provided critical capacity building services for 180 organizations located in minnesota, illinois, and virginia.
$17,941,093 spent$129,500 earned by the program21% of program spendingReading & math, inc. Provides technical assistance for the delivery of reading corps, math corps and early learning corps to national replication partners, ensuring the proven model is implemented consistently and with fidelity across the country to achieve high impact results.
$466,525 spent$454,166 earned by the program1% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $84,385,700.
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 2022 to 2023, from $4.7M to $8.0M (+70%).
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: 2017 95% · 2018 92% · 2019 88% · 2020 93% · 2021 94% · 2022 94% · 2023 95% · 2024 95% · 2025 94%. Grants only. Government contracts and fees sit inside program revenue.
97% of READING AND MATH INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 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
Itzel Galindo
Exec dir of wi programs
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 11 funders, grant income rose $23M → $45M.
9 of 27 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% 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 READING AND MATH INC’s funders (the co-funder graph). Top 26 of 27 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
READING AND MATH INC leans on a few funders — its largest provides 99% of grant income and the top three 99%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% 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 READING AND MATH INC.
Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 99% · 2021 99% · 2022 99% · 2023 99% — 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.
How long its funders stay
63% of READING AND MATH INC's funders are still giving 3 years after their first grant; 44% 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
99% of READING AND MATH INC's grant income comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.2M arriving through sponsors registered in 7 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
READING AND MATH INC has grown faster than three-quarters of the 3,794 education nonprofits its size.
this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025
Government funding READING AND MATH INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $80.2M on record — $80.2M federal, $277 state.
- Corporation for National and Community Service$76.7M
- Department of Education$3.5M
- REFUNDS - GENERAL $277
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like READING AND MATH 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 Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
93% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 13 states
Screen this organization
A dated, signed PDF of the compliance screen for READING AND MATH 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 READING AND MATH INC?
- READING AND MATH INC (Minnesota) receives grants from 27 organizations whose IRS filings report $265,582,838 to it, the largest being SERVEMINNESOTA ($262,867,857). 12 of them have funded it in more than one year.
- How many funders does READING AND MATH INC have?
- IRS filings report 27 organizations giving $265,582,838 in grants to READING AND MATH INC, 12 of which have funded it in more than one year.
- Who is the largest funder of READING AND MATH INC?
- SERVEMINNESOTA is the largest funder on record, with $262,867,857 in grants. The full list of funders is on this page.
- How can an organization like READING AND MATH INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. 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 Reading and Math →
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 27 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