Born To Read Inc
Born To Read Inc. consistently operates with no officer compensation and maintains stable assets.
EIN: 208599185 · Beaufort, SC · NTEE: B03 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $47K |
| Total Expenses | $55K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $70,000. |
| Net Assets | $74K |
| Transparency Score | 92/100 |
Is Born To Read Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Born To Read Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Born To Read Inc
Born To Read Inc (EIN: 208599185) is a nonprofit organization based in Beaufort, SC, classified under NTEE code B03. The organization reported total revenue of $47K and total assets of $68K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Born To Read Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Born To Read Inc is a micro nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $55K |
| Surplus / Deficit | +$11K |
| Total Assets | $74K |
| Net Assets | $74K |
| Operating Margin | 16.1% |
| Months of Reserves | 16.1 months |
Financial Health Grade: A
In 2023, Born To Read Inc reported a surplus of $11K with revenue exceeding expenses, holds 16.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Born To Read Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.0% | -100.0% | -100.0% |
| 2021 | -32.7% | -13.0% | -2.9% |
| 2020 | +8.3% | -14.2% | +20.2% |
| 2019 | -18.3% | -19.7% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Born To Read Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Born To Read Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the organization. This suggests a volunteer-driven leadership model, which is highly efficient for an organization of its size with annual revenues typically under $70,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Born To Read Inc's IRS 990 filings:
- Anomaly in 202212 filing with $0 revenue and expenses, requiring clarification.
Strengths
The following positive indicators were identified for Born To Read Inc:
- Consistent 0% officer compensation, maximizing mission-related spending.
- Healthy asset base relative to revenue, indicating financial stability (e.g., $73,573 assets vs. $65,209 revenue in 202312).
- Minimal liabilities across all reported periods, demonstrating sound financial management.
- Consistent IRS 990 filing history over 13 periods, indicating strong transparency and compliance.
- Expenses generally managed within revenue, preventing significant deficits (e.g., $54,708 expenses vs. $65,209 revenue in 202312).
Frequently Asked Questions about Born To Read Inc
Is Born To Read Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Born To Read Inc (EIN: 208599185) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Born To Read Inc spend its money?
Born To Read Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Born To Read Inc tax-deductible?
Born To Read Inc is registered as a tax-exempt nonprofit (EIN: 208599185). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Born To Read Inc CEO make?
Born To Read Inc's highest-compensated officer earns $70,000. annually. The organization reported $47K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Born To Read Inc's spending goes to programs?
Born To Read Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Born To Read Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Born To Read Inc is above average for NTEE category B03 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Born To Read Inc located?
Born To Read Inc is headquartered in Beaufort, South Carolina and files with the IRS under EIN 208599185. It is classified under NTEE code B03.
How many years of IRS 990 filings does Born To Read Inc have?
Born To Read Inc has 13 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 $47K in total revenue.
Is Born To Read Inc. a good charity?
Based on the available data, Born To Read Inc. appears to be a good charity. It demonstrates strong financial stability with consistent assets and minimal liabilities, and notably, zero officer compensation, meaning funds are directed entirely to its mission. Its consistent filing history also indicates transparency.
How does Born To Read Inc. manage its expenses?
Born To Read Inc. manages its expenses effectively, generally keeping them below or close to its revenue. For example, in 202312, expenses were $54,708 against $65,209 in revenue, resulting in a surplus. The absence of officer compensation significantly contributes to its spending efficiency.
What caused the $0 revenue and expenses in 202212?
The 202212 filing showing $0 revenue and $0 expenses with $1 in assets is an unusual anomaly. Without further detail, it's difficult to pinpoint the exact cause, but it could indicate a period of inactivity, a reporting error, or a simplified filing for that specific year, as operations resumed normally in 202312.
Filing History
IRS 990 filing history for Born To Read Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Born To Read Inc's revenue has grown by 34.2%, moving from $49K to $65K. Total assets decreased by 13.3% over the same period, from $85K to $74K. Total functional expenses fell by 3.5%, from $57K to $55K. In its most recent filing year (2023), Born To Read Inc reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $65K | $55K | $74K | $0 | — | View 990 |
| 2022 | $0 | $0 | $1 | $0 | — | View 990 |
| 2021 | $41K | $42K | $73K | $526 | — | View 990 |
| 2020 | $61K | $48K | $75K | $422 | — | — |
| 2019 | $56K | $56K | $63K | $263 | — | View 990 |
| 2018 | $69K | $70K | $62K | $0 | — | View 990 |
| 2017 | $67K | $71K | $64K | $665 | — | — |
| 2016 | $56K | $69K | $69K | $703 | — | View 990 |
| 2015 | $83K | $69K | $84K | $0 | — | View 990 |
| 2014 | $54K | $52K | $73K | $0 | — | View 990 |
| 2013 | $48K | $61K | $71K | $0 | — | View 990 |
| 2012 | $59K | $59K | $84K | $0 | — | View 990 |
| 2011 | $49K | $57K | $85K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $65K, expenses of $55K, and assets of $74K.
- 2022: Revenue of $0, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2021: Revenue of $41K, expenses of $42K, and assets of $73K (revenue -32.7% year-over-year).
- 2020: Revenue of $61K, expenses of $48K, and assets of $75K (revenue +8.3% year-over-year).
- 2019: Revenue of $56K, expenses of $56K, and assets of $63K (revenue -18.3% year-over-year).
- 2018: Revenue of $69K, expenses of $70K, and assets of $62K (revenue +2.1% year-over-year).
- 2017: Revenue of $67K, expenses of $71K, and assets of $64K (revenue +19.6% year-over-year).
- 2016: Revenue of $56K, expenses of $69K, and assets of $69K (revenue -32.0% year-over-year).
- 2015: Revenue of $83K, expenses of $69K, and assets of $84K (revenue +51.9% year-over-year).
- 2014: Revenue of $54K, expenses of $52K, and assets of $73K (revenue +14.2% year-over-year).
- 2013: Revenue of $48K, expenses of $61K, and assets of $71K (revenue -18.8% year-over-year).
- 2012: Revenue of $59K, expenses of $59K, and assets of $84K (revenue +20.5% year-over-year).
- 2011: Revenue of $49K, expenses of $57K, and assets of $85K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Born To Read Inc:
Data Sources and Methodology
This transparency report for Born To Read Inc 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.