Nonprofit screen
Screen a listReadworksinc
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)
$2.7Mrevenue
FY2024 · −10% in 3 yrs19staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−34.8%
Months of reserve3.4mo
Revenue growth (annualized)+1.2%
Middle half of peersMedianReadworksinc
Where the money goes FY2024 · $3.6M spent
Programs$3.1M84%Management and general$285k8%Fundraising$285k8%990 FY2024 · Part IX line 25
Worth checking3
A funder worth 13% of revenue stopped after FY2022
Ibis Group gave $250k in FY2022, 13% of revenue that year.
Funders’ 990-PF grant listsGovernment grants fell 97% in FY2023
$162k in FY2021, $5k in FY2023.
990 Part VIIIDeficits in 2 of the last 3 years
−$727k in FY2022 and −$943k in FY2024. Cash covers 3.4 months, under the peer median of 4.1.
990 Part I and balance sheetIn its favor1
Strong governance
10 of 10 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VI78funders
$1.6Ma year, last 3 years
26%from its largest funder
Funder’17’18’19’20’21’22’23Robert and Ardis James Foundation IncSince FY2020$416k$102k$575k$600kTsunami FoundationEvery year since FY2017$100k$100k$100k$100k$125k$125k$125kHoward and Debbie Schiller FoundationSince FY2020$50k$100k$100k$400kCarson Family Charitable TrustSince FY2020$200k$100k$100k$200kCleveland H Dodge Foundation IncStopped after FY2021$75k$75k$150k–Sue & Edgar Wachenheim FoundationOn and off$250k$50kDonor-advised giftsDonors not disclosed$16k$43k$116k$141k$106k$605k$203k53 other fundersUp to $250k a year each$109k$117k$196k$142k$180k$400k$252k
FundedThrough a donor-advised fundStopped