Nonprofit screen
Screen a listReading Is Fundamental 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
- Registered
- Charity type
- 509(a)(1)
$19Mrevenue
FY2025 · +16% in 3 yrs37staff
8 of 8years filed
’18’19’20’21’22’23’24’25
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2025
Operating margin16.1%
Months of reserve5.4mo
Revenue growth (annualized)+14.4%
Middle half of peersMedianReading Is Fundamental
Where the money goes FY2025 · $16M spent
Programs$11M69%Management and general$2.1M14%Fundraising$2.7M17%990 FY2025 · Part IX line 25
Worth checking1
Deficits in 2 of the last 3 years
−$233k in FY2023 and −$741k in FY2024. Cash covers 5.4 months, above the peer median of 3.3.
990 Part I and balance sheetIn its favor3
Strong governance
10 of 11 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 14% a year since FY2017, in the top quarter of similar nonprofits.
990 Part I · peer cohortA history of government grants
Government grants on 6 of its 7 returns, 13% of revenue in FY2025. $5.3M is traced federal awards from Department of Education.
990 Part VIII · USAspending255funders
$3.5Ma year, last 3 years
34%from its largest funder
Funder’17’18’19’20’21’22’23Pwc Foundation IncOn and off$250k$3.5MDollar General Literacy FoundationEvery year since FY2017$295k$452k$18k$361k$388k$464k$564kInternational Paper Company FoundationSince FY2021$500k$500k$350kTrane Technologies Charitable FoundationSince FY2021$151k$458k$223kUd W Bingham 2nd 070535On and off$231k$200kThe Pitney Bowes FoundationEvery year since FY2017$74k$29k$28k$50k$50k$26k$35kDonor-advised giftsDonors not disclosed$82k$50k$121k$326k$317k$423k$561k193 other fundersUp to $200k a year each$391k$217k$269k$199k$497k$507k$446k
FundedThrough a donor-advised fund