Quick charity verification for Read For Kids Donate To Kids Inc (EIN: 203204430)
Verdict: Read For Kids Donate To Kids Inc appears trustworthy
80/100Mission Score
$40KRevenue
$1KAssets
2Red Flags
3Strengths
Red Flags
Extremely low asset base ($1,199 in 2023) indicates minimal financial reserves.
Expenses frequently exceed revenue, leading to small annual deficits (e.g., $48,560 expenses vs. $48,450 revenue in 2023).
Strengths
Consistent 0% officer compensation across all filings, indicating efficient use of funds for mission.
Strong transparency with a consistent history of IRS 990 filings (13 filings).
No reported liabilities, suggesting sound financial management regarding debt.
Spending Breakdown
How Read For Kids Donate To Kids Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 For Kids Donate To Kids Inc
Is Read For Kids Donate To Kids Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Read For Kids Donate To Kids Inc (EIN: 203204430) appears trustworthy. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
Is Read For Kids Donate To Kids Inc a good charity to donate to?
Read For Kids Donate To Kids Inc has a Mission Score of 80/100. Revenue: $40K. Assets: $1K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Read For Kids Donate To Kids Inc?
The Employer Identification Number (EIN) for Read For Kids Donate To Kids Inc is 203204430. 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 For Kids Donate To Kids Inc spend its money?
Read For Kids Donate To Kids Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Read For Kids Donate To Kids Inc's tax-exempt status?
You can verify Read For Kids Donate To Kids Inc's tax-exempt status using EIN 203204430 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 For Kids Donate To Kids Inc. operates on a very small scale, with recent annual revenues fluctuating significantly, from $22,000 in 2022 to $48,450 in 2023. The organization consistently reports minimal assets, with the latest filing showing $1,199, and no liabilities, indicating a lean operational structure. Expenses generally track closely with revenue, often slightly exceeding it, as seen in 2023 where expenses were $48,560 against $48,450 in revenue, resulting in a small deficit. This suggests the organization spends nearly all its incoming funds annually.
The organization demonstrates strong financial transparency by consistently filing its IRS Form 990s. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which is a positive indicator for donor confidence regarding executive pay. However, without a detailed breakdown of expenses beyond total revenue and expenses, it's challenging to fully assess spending efficiency across program, administrative, and fundraising categories. The small asset base also means the organization has very limited financial reserves.
Overall, Read For Kids Donate To Kids Inc. appears to be a transparent, volunteer-driven organization given the lack of officer compensation and minimal assets. Its financial health is characterized by tight margins and a reliance on annual fundraising to cover expenses. While this model can be sustainable for small nonprofits, it also means the organization has little buffer for unexpected costs or opportunities for significant program expansion without a substantial increase in revenue.