Arise2 Read
EIN: 473370656 · Memphis, TN · NTEE: B92
| Metric | Value |
|---|---|
| Total Revenue | $657K |
| Total Expenses | $652K |
| Net Assets | $763K |
Is Arise2 Read Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Arise2 Read
Arise2 Read (EIN: 473370656) is a nonprofit organization based in Memphis, TN, classified under NTEE code B92. The organization reported total revenue of $657K and total assets of $930K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Arise2 Read's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Arise2 Read is a small nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 31.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $587K |
| Total Expenses | $652K |
| Surplus / Deficit | $-65,307 |
| Total Assets | $773K |
| Total Liabilities | $11K |
| Net Assets | $763K |
| Operating Margin | -11.1% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 14.2 months |
Financial Health Grade: B
In 2023, Arise2 Read reported a deficit of $65K with expenses exceeding revenue, holds 14.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 8 years of filings (2015–2023), Arise2 Read's revenue has grown at a compound annual growth rate (CAGR) of 31.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.8% | +80.2% | +6.4% |
| 2021 | -26.7% | -31.7% | +11.1% |
| 2020 | +15.8% | +7.9% | +24.9% |
| 2019 | +344.4% | +174.1% | +6.1% |
| 2018 | -77.7% | -20.6% | -22.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Arise2 Read has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Arise2 Read with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $65K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.4%.
Frequently Asked Questions about Arise2 Read
Is Arise2 Read a legitimate charity?
Arise2 Read (EIN: 473370656) is a registered tax-exempt nonprofit based in Tennessee. It has 8 years of IRS 990 filings on record. Total revenue: $657K. No red flags identified. Financial health grade: B.
How does Arise2 Read spend its money?
Arise2 Read reported $657K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Arise2 Read tax-deductible?
Arise2 Read is registered as a tax-exempt nonprofit (EIN: 473370656). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Arise2 Read located?
Arise2 Read is headquartered in Memphis, Tennessee and files with the IRS under EIN 473370656. It is classified under NTEE code B92.
How many years of IRS 990 filings does Arise2 Read have?
Arise2 Read has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $657K in total revenue.
Filing History
IRS 990 filing history for Arise2 Read showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2015–2023), Arise2 Read's revenue has grown by 772.4%, moving from $67K to $587K. Total assets increased by 1056.3% over the same period, from $67K to $773K. Total functional expenses rose by 5218.9%, from $12K to $652K. In its most recent filing year (2023), Arise2 Read reported a deficit of $65K, with expenses exceeding revenue. The organization holds $11K in liabilities against $773K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $763K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $587K | $652K | $773K | $11K | — | View 990 |
| 2021 | $463K | $362K | $727K | $471 | — | View 990 |
| 2020 | $632K | $529K | $655K | $29K | — | View 990 |
| 2019 | $546K | $491K | $524K | $944 | — | View 990 |
| 2018 | $123K | $179K | $494K | $26K | — | View 990 |
| 2017 | $551K | $225K | $638K | $114K | — | View 990 |
| 2016 | $249K | $115K | $221K | $22K | — | — |
| 2015 | $67K | $12K | $67K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $587K, expenses of $652K, and assets of $773K (revenue +26.8% year-over-year).
- 2021: Revenue of $463K, expenses of $362K, and assets of $727K (revenue -26.7% year-over-year).
- 2020: Revenue of $632K, expenses of $529K, and assets of $655K (revenue +15.8% year-over-year).
- 2019: Revenue of $546K, expenses of $491K, and assets of $524K (revenue +344.4% year-over-year).
- 2018: Revenue of $123K, expenses of $179K, and assets of $494K (revenue -77.7% year-over-year).
- 2017: Revenue of $551K, expenses of $225K, and assets of $638K (revenue +121.1% year-over-year).
- 2016: Revenue of $249K, expenses of $115K, and assets of $221K (revenue +270.5% year-over-year).
- 2015: Revenue of $67K, expenses of $12K, and assets of $67K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Arise2 Read:
Data Sources and Methodology
This transparency report for Arise2 Read is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.