Is Read Alliance Inc Legit?

Strengths

Consistent revenue growth, increasing from $1,835,874 in 202008 to $3,924,971 in 202308.
Strong asset accumulation, growing from $1,239,903 in 201408 to $4,373,475 in 202308.
Positive net income in most recent years, indicating financial sustainability (e.g., $931,169 in 202208 and $84,324 in 202308).
Long and consistent filing history (13 filings), demonstrating commitment to transparency and compliance.
Low liabilities relative to assets in most periods, indicating good financial management (e.g., $195,090 liabilities vs. $3,368,825 assets in 202208).

Spending Breakdown

How Read Alliance Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Read Alliance Inc

Is Read Alliance Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Read Alliance Inc (EIN: 134091062) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Read Alliance Inc a good charity to donate to?

Read Alliance Inc has a Mission Score of 90/100. Revenue: $4.6M. Assets: $4.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Read Alliance Inc?

The Employer Identification Number (EIN) for Read Alliance Inc is 134091062. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Read Alliance Inc spend its money?

Read Alliance Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Read Alliance Inc's tax-exempt status?

You can verify Read Alliance Inc's tax-exempt status using EIN 134091062 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Read Alliance Inc. demonstrates a generally healthy financial trajectory, with consistent revenue growth over the past several years, culminating in $3,924,971 in revenue for the 202308 period. The organization has also shown a strong ability to build its asset base, growing from $1,239,903 in 201408 to $4,373,475 in 202308. This indicates sound financial management and the capacity to sustain operations.

Spending efficiency appears to be a strength, particularly in recent years. For instance, in 202208, expenses were $2,743,438 against revenues of $3,674,607, allowing for significant asset accumulation. While specific program, administrative, and fundraising expense breakdowns are not provided in the raw data, the overall financial health suggests a focus on mission delivery. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries.

The organization's financial stability is further underscored by its ability to manage liabilities, which, despite a spike in 202008 to $1,223,968, have generally remained a manageable portion of its growing asset base, settling at $1,115,416 in 202308. The consistent filing history over 13 periods also points to a commitment to regulatory compliance and transparency.

Verdict: Read Alliance Inc appears trustworthy

Red Flags