Kids Need To Read
EIN: 262755631 · Mesa, AZ · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $579K |
| Total Expenses | $1.3M |
| Net Assets | $1.7M |
Is Kids Need To Read Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Kids Need To Read
Kids Need To Read (EIN: 262755631) is a nonprofit organization based in Mesa, AZ, classified under NTEE code B90. The organization reported total revenue of $579K and total assets of $805K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kids Need To Read's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kids Need To Read is a small nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-70,340 |
| Total Assets | $1.7M |
| Total Liabilities | $7K |
| Net Assets | $1.7M |
| Operating Margin | -5.8% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 16.1 months |
Financial Health Grade: B
In 2023, Kids Need To Read reported a deficit of $70K with expenses exceeding revenue, holds 16.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Kids Need To Read's revenue has grown at a compound annual growth rate (CAGR) of 12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +98.7% | -6.5% | -4.1% |
| 2022 | -45.4% | +2.5% | -30.8% |
| 2021 | +37.8% | +25.6% | -6.9% |
| 2020 | -56.5% | +29.4% | -8.1% |
| 2019 | +69.3% | +7.7% | +51.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kids Need To 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 Kids Need To 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 $70K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Kids Need To Read
Is Kids Need To Read a legitimate charity?
Kids Need To Read (EIN: 262755631) is a registered tax-exempt nonprofit based in Arizona. It has 14 years of IRS 990 filings on record. Total revenue: $579K. No red flags identified. Financial health grade: B.
How does Kids Need To Read spend its money?
Kids Need To Read reported $579K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Kids Need To Read tax-deductible?
Kids Need To Read is registered as a tax-exempt nonprofit (EIN: 262755631). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Kids Need To Read located?
Kids Need To Read is headquartered in Mesa, Arizona and files with the IRS under EIN 262755631. It is classified under NTEE code B90.
How many years of IRS 990 filings does Kids Need To Read have?
Kids Need To Read has 14 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 $579K in total revenue.
Filing History
IRS 990 filing history for Kids Need To Read showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Kids Need To Read's revenue has grown by 304.6%, moving from $299K to $1.2M. Total assets increased by 442.8% over the same period, from $317K to $1.7M. Total functional expenses rose by 411.4%, from $250K to $1.3M. In its most recent filing year (2023), Kids Need To Read reported a deficit of $70K, with expenses exceeding revenue. The organization holds $7K in liabilities against $1.7M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.3M | $1.7M | $7K | — | — |
| 2022 | $609K | $1.4M | $1.8M | $9K | — | View 990 |
| 2021 | $1.1M | $1.3M | $2.6M | $46K | — | View 990 |
| 2020 | $809K | $1.1M | $2.8M | $21K | — | View 990 |
| 2019 | $1.9M | $822K | $3.0M | $8K | — | View 990 |
| 2018 | $1.1M | $763K | $2.0M | $12K | — | View 990 |
| 2017 | $1.8M | $824K | $1.7M | $12K | — | View 990 |
| 2016 | $492K | $419K | $693K | $11K | — | View 990 |
| 2015 | $423K | $343K | $614K | $4K | — | View 990 |
| 2014 | $245K | $340K | $546K | $17K | — | View 990 |
| 2013 | $271K | $368K | $645K | $20K | — | View 990 |
| 2012 | $54K | $39K | $335K | $4K | — | View 990 |
| 2011 | $299K | $250K | $317K | $2K | — | — |
| 2011 | $299K | $250K | $317K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.3M, and assets of $1.7M (revenue +98.7% year-over-year).
- 2022: Revenue of $609K, expenses of $1.4M, and assets of $1.8M (revenue -45.4% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.3M, and assets of $2.6M (revenue +37.8% year-over-year).
- 2020: Revenue of $809K, expenses of $1.1M, and assets of $2.8M (revenue -56.5% year-over-year).
- 2019: Revenue of $1.9M, expenses of $822K, and assets of $3.0M (revenue +69.3% year-over-year).
- 2018: Revenue of $1.1M, expenses of $763K, and assets of $2.0M (revenue -38.6% year-over-year).
- 2017: Revenue of $1.8M, expenses of $824K, and assets of $1.7M (revenue +263.7% year-over-year).
- 2016: Revenue of $492K, expenses of $419K, and assets of $693K (revenue +16.2% year-over-year).
- 2015: Revenue of $423K, expenses of $343K, and assets of $614K (revenue +72.9% year-over-year).
- 2014: Revenue of $245K, expenses of $340K, and assets of $546K (revenue -9.6% year-over-year).
- 2013: Revenue of $271K, expenses of $368K, and assets of $645K (revenue +400.6% year-over-year).
- 2012: Revenue of $54K, expenses of $39K, and assets of $335K (revenue -81.9% year-over-year).
- 2011: Revenue of $299K, expenses of $250K, and assets of $317K (revenue +0.0% year-over-year).
- 2011: Revenue of $299K, expenses of $250K, and assets of $317K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kids Need To Read:
Data Sources and Methodology
This transparency report for Kids Need To 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.