Independent Reading Counseling Services Inc
Independent Reading Counseling Services Inc shows recent financial recovery after periods of deficit spending, with no officer compensation reported.
EIN: 201099075 · Anniston, AL · NTEE: B90 · Updated: 2026-03-28
Is Independent Reading Counseling Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Independent Reading Counseling Services Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Independent Reading Counseling Services Inc
Independent Reading Counseling Services Inc (EIN: 201099075) is a nonprofit organization based in Anniston, AL, classified under NTEE code B90. The organization reported total revenue of $88K and total assets of $42K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Reading Counseling Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Reading Counseling Services Inc is a micro nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $154K |
| Total Expenses | $118K |
| Surplus / Deficit | +$35K |
| Total Assets | $28K |
| Total Liabilities | $21K |
| Net Assets | $7K |
| Operating Margin | 23.0% |
| Debt-to-Asset Ratio | 74.0% |
| Months of Reserves | 2.8 months |
Financial Health Grade: B
In 2023, Independent Reading Counseling Services Inc reported a surplus of $35K with revenue exceeding expenses, holds 2.8 months of operating reserves (limited), has a debt-to-asset ratio of 74.0% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Independent Reading Counseling Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.6% | -15.0% | -15.4% |
| 2022 | +27.1% | +26.7% | +11.3% |
| 2021 | -18.9% | -8.6% | -32.6% |
| 2020 | -1.0% | -5.7% | +8.5% |
| 2019 | +20.5% | -13.9% | -25.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
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 Independent Reading Counseling Services Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Independent Reading Counseling Services Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $35K, with revenue exceeding expenses.
- Debt-to-asset ratio: 74.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization of its size and operational history.
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 Independent Reading Counseling Services Inc's IRS 990 filings:
- Inconsistent financial performance with expenses exceeding revenue in multiple past periods (e.g., 2022, 2021, 2019, 2018, 2017, 2013).
- Fluctuating and sometimes high liabilities, reaching $61,003 in 2022, indicating potential cash flow challenges.
- Relatively small and fluctuating asset base ($41,984 latest), which could limit long-term stability and program expansion.
Strengths
The following positive indicators were identified for Independent Reading Counseling Services Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating a strong commitment to directing funds away from executive salaries.
- Positive net income in the latest filing (2023), with revenues of $153,909 exceeding expenses of $118,499, showing recent financial improvement.
- Long operational history with 12 IRS 990 filings, demonstrating sustained activity and transparency.
- Increased revenue in the latest period (2023) to its highest recorded level, suggesting growing support or program reach.
Frequently Asked Questions about Independent Reading Counseling Services Inc
Is Independent Reading Counseling Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Independent Reading Counseling Services Inc (EIN: 201099075) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Independent Reading Counseling Services Inc spend its money?
Independent Reading Counseling Services Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Independent Reading Counseling Services Inc tax-deductible?
Independent Reading Counseling Services Inc is registered as a tax-exempt nonprofit (EIN: 201099075). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Independent Reading Counseling Services Inc financially stable?
While the organization has experienced periods of deficit spending (e.g., 2022, 2021, 2019, 2018), the latest filing for 2023 shows a positive net income with revenues of $153,909 exceeding expenses of $118,499, suggesting improved financial stability in the most recent period. However, the fluctuating asset base and past liabilities indicate a need for continued careful financial management.
How does Independent Reading Counseling Services Inc manage its administrative costs?
The consistent reporting of 0% officer compensation across all filings strongly suggests a very lean administrative structure at the executive level, indicating a commitment to minimizing overhead in this area.
What is the trend in the organization's revenue?
Revenue has fluctuated over the years, ranging from a low of $42,574 in 2013 to a high of $153,909 in 2023. While there isn't a consistent upward trend, recent years (2021-2023) show revenues generally above $100,000, with 2023 being the highest reported revenue.
Are there any concerns regarding the organization's liabilities?
Liabilities have varied significantly, reaching a high of $61,003 in 2022. While the latest filing shows liabilities at $20,541, the past fluctuations and high points suggest that managing debt has been a challenge at times.
Filing History
IRS 990 filing history for Independent Reading Counseling Services Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Independent Reading Counseling Services Inc's revenue has grown by 202.1%, moving from $51K to $154K. Total assets decreased by 62% over the same period, from $73K to $28K. Total functional expenses rose by 93.3%, from $61K to $118K. In its most recent filing year (2023), Independent Reading Counseling Services Inc reported a surplus of $35K, with revenue exceeding expenses. The organization holds $21K in liabilities against $28K in assets (debt-to-asset ratio: 74.0%), resulting in net assets of $7K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $154K | $118K | $28K | $21K | — | — |
| 2022 | $128K | $139K | $33K | $61K | — | View 990 |
| 2021 | $100K | $110K | $29K | $46K | — | View 990 |
| 2020 | $124K | $120K | $44K | $51K | — | View 990 |
| 2019 | $125K | $128K | $40K | $51K | — | View 990 |
| 2018 | $104K | $148K | $54K | $62K | — | View 990 |
| 2017 | $91K | $99K | $59K | $23K | — | View 990 |
| 2016 | $94K | $87K | $45K | $0 | — | View 990 |
| 2014 | $52K | $49K | $48K | $0 | — | View 990 |
| 2013 | $43K | $56K | $48K | $2K | — | View 990 |
| 2012 | $72K | $77K | $0 | $0 | — | View 990 |
| 2011 | $51K | $61K | $73K | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $154K, expenses of $118K, and assets of $28K (revenue +20.6% year-over-year).
- 2022: Revenue of $128K, expenses of $139K, and assets of $33K (revenue +27.1% year-over-year).
- 2021: Revenue of $100K, expenses of $110K, and assets of $29K (revenue -18.9% year-over-year).
- 2020: Revenue of $124K, expenses of $120K, and assets of $44K (revenue -1.0% year-over-year).
- 2019: Revenue of $125K, expenses of $128K, and assets of $40K (revenue +20.5% year-over-year).
- 2018: Revenue of $104K, expenses of $148K, and assets of $54K (revenue +14.6% year-over-year).
- 2017: Revenue of $91K, expenses of $99K, and assets of $59K (revenue -4.0% year-over-year).
- 2016: Revenue of $94K, expenses of $87K, and assets of $45K (revenue +82.3% year-over-year).
- 2014: Revenue of $52K, expenses of $49K, and assets of $48K (revenue +21.6% year-over-year).
- 2013: Revenue of $43K, expenses of $56K, and assets of $48K (revenue -41.1% year-over-year).
- 2012: Revenue of $72K, expenses of $77K, and assets of $0 (revenue +41.9% year-over-year).
- 2011: Revenue of $51K, expenses of $61K, and assets of $73K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Reading Counseling Services Inc:
Data Sources and Methodology
This transparency report for Independent Reading Counseling Services 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.