Quick charity verification for Team Read (EIN: 10852888)
Verdict: Team Read appears trustworthy
92/100Mission Score
$805KRevenue
$1.9MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $393,067 in 2014 to $1,119,686 in 2023.
Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
Strong asset accumulation, reaching $2,046,664 in 2023, providing financial stability.
Expenses consistently lower than revenue in recent years, allowing for healthy reserves.
Low liabilities relative to assets, indicating a strong financial position.
Spending Breakdown
How Team Read 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 Team Read
Is Team Read a legitimate charity?
Based on AI analysis of IRS 990 filings, Team Read (EIN: 10852888) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Team Read a good charity to donate to?
Team Read has a Mission Score of 92/100. Revenue: $805K. Assets: $1.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Team Read?
The Employer Identification Number (EIN) for Team Read is 10852888. 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 Team Read spend its money?
Team Read allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Team Read's tax-exempt status?
You can verify Team Read's tax-exempt status using EIN 10852888 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
Team Read demonstrates strong financial health and a commendable commitment to its program services. Over the past five years, the organization has consistently grown its revenue, from $613,117 in 2019 to $1,119,686 in 2023, while also building substantial assets, reaching $2,046,664 in 2023. This growth indicates effective fundraising and financial management. The organization's spending efficiency appears high, with expenses consistently lower than revenue in recent years, allowing for asset accumulation and a healthy financial cushion.
Team Read's transparency is excellent, particularly regarding executive compensation. The consistent reporting of 0% officer compensation across all available filings is a significant positive indicator, suggesting that the organization prioritizes its mission over high administrative salaries. This practice, combined with a clear focus on program delivery, positions Team Read as a financially sound and trustworthy nonprofit. The organization's NTEE code B92 (Literacy) aligns well with its likely program activities, further reinforcing its mission focus.