Nonprofit screen
Screen a listReadsource 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
- Type II
$873krevenue
FY2025 · −57% in 3 yrs6 of 8years filed
’18’19’20’21’22’23’24’25
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2025
Operating margin−26.3%
Months of reserve12.7mo
Revenue growth (annualized)+8.7%
Middle half of peersMedianReadsource
Where the money goes FY2025 · $1.1M spent
Programs$852k77%Management and general$196k18%Fundraising$55k5%990 FY2025 · Part IX line 25
Worth checking1
Deficits in 3 of the last 3 years
−$231k in FY2023, −$371k in FY2024 and −$230k in FY2025. Cash covers 12.7 months, above the peer median of 6.9.
990 Part I and balance sheetIn its favor2
Strong governance
23 of 23 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 9% a year since FY2017, faster than half of similar nonprofits.
990 Part I · peer cohort14funders
$180ka year, last 3 years
28%from its largest funder
Funder’17’18’19’20’21’22’23Kauffman Foundation IncStopped after FY2021$100k$100k$50k–The Zeist Foundation IncStopped after FY2021$125k$100k–Paulsen Family FoundationSince FY2021$50k$50k$50kPatterson Family Foundation IncStopped after FY2021$10k$5k$45k$25k$50k–The Nell & William Elkin Mem FundOn and off$50kPentz Family FoundationOn and off$40kDonor-advised giftsDonors not disclosed$10k$36k$30k$51$61k$66k3 other fundersUp to $25k a year each$25k$23k
FundedThrough a donor-advised fundStopped