R E A D I Team 5
R E A D I Team 5 reports no revenue or assets in its latest filing, indicating inactivity.
EIN: 10528348 · Owls Head, ME · NTEE: E60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $450 |
| Program Spending | 100% |
| Net Assets | $1 |
| Transparency Score | 40/100 |
Is R E A D I Team 5 Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
R E A D I Team 5 directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About R E A D I Team 5
R E A D I Team 5 (EIN: 10528348) is a nonprofit organization based in Owls Head, ME, classified under NTEE code E60. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of R E A D I Team 5's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
R E A D I Team 5 is a micro nonprofit that has been operating for 26 years, with 2 years of IRS 990 filings on record (2010–2013).
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
| Total Revenue | $450 |
| Total Expenses | $450 |
| Surplus / Deficit | +$0 |
| Total Assets | $1 |
| Net Assets | $1 |
| Operating Margin | 0.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: B
In 2013, R E A D I Team 5 reported a surplus of $0 with revenue exceeding expenses, holds 0.0 months of operating reserves (limited).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 R E A D I Team 5 with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, R E A D I Team 5 allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% in both available filings, indicating that no executives or officers are drawing salaries from the organization, which is typical for very small, volunteer-led groups.
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 R E A D I Team 5's IRS 990 filings:
- Zero revenue and assets in latest filing, suggesting inactivity or dissolution.
- Lack of detailed program information in filings.
Strengths
The following positive indicators were identified for R E A D I Team 5:
- 0% officer compensation, indicating volunteer leadership.
- Low overhead when active, with all reported expenses in 201309 period being program-related.
Frequently Asked Questions about R E A D I Team 5
Is R E A D I Team 5 a legitimate charity?
Based on AI analysis of IRS 990 filings, R E A D I Team 5 (EIN: 10528348) significant concerns. Mission Score: 40/100. 2 red flags identified, 2 strengths noted.
How does R E A D I Team 5 spend its money?
R E A D I Team 5 directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to R E A D I Team 5 tax-deductible?
R E A D I Team 5 is registered as a tax-exempt nonprofit (EIN: 10528348). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does R E A D I Team 5 compare to similar nonprofits?
With a transparency score of 40/100 (Fair), R E A D I Team 5 is near average for NTEE category E60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is R E A D I Team 5 located?
R E A D I Team 5 is headquartered in Owls Head, Maine and files with the IRS under EIN 10528348. It is classified under NTEE code E60.
How many years of IRS 990 filings does R E A D I Team 5 have?
R E A D I Team 5 has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is R E A D I Team 5 currently active?
Based on the latest IRS 990 filing showing $0 revenue and $0 assets, R E A D I Team 5 appears to be inactive.
What programs does R E A D I Team 5 operate?
The filings do not provide details on specific programs. The NTEE code E60 suggests a focus on recreational, sports, leisure, or athletic activities, but no program expenses have been reported in recent filings.
Filing History
IRS 990 filing history for R E A D I Team 5 showing financial trends over 2 years of public records:
In its most recent filing year (2013), R E A D I Team 5 reported a surplus of $0, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2013 | $450 | $450 | $1 | $0 | — | View 990 |
| 2010 | $0 | $0 | $0 | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for R E A D I Team 5:
Data Sources and Methodology
This transparency report for R E A D I Team 5 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.