Raising Readers In Story County
Raising Readers In Story County shows consistent asset growth and zero officer compensation over a decade.
EIN: 201672684 · Ames, IA · NTEE: P40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $317K |
| Total Expenses | $217K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $813,983. |
| Net Assets | $741K |
| Transparency Score | 92/100 |
Is Raising Readers In Story County Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Raising Readers In Story County directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Raising Readers In Story County
Raising Readers In Story County (EIN: 201672684) is a nonprofit organization based in Ames, IA, classified under NTEE code P40. The organization reported total revenue of $317K and total assets of $814K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raising Readers In Story County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Raising Readers In Story County is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $208K |
| Total Expenses | $217K |
| Surplus / Deficit | $-9,484 |
| Total Assets | $765K |
| Total Liabilities | $23K |
| Net Assets | $741K |
| Operating Margin | -4.6% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 42.2 months |
Financial Health Grade: B
In 2023, Raising Readers In Story County reported a deficit of $9K with expenses exceeding revenue, holds 42.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Raising Readers In Story County's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.7% | +46.3% | +6.0% |
| 2022 | -57.1% | -39.9% | +3.1% |
| 2021 | +42.4% | -2.1% | +21.6% |
| 2020 | -16.5% | -6.8% | +10.8% |
| 2019 | +12.2% | +10.7% | +15.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Raising Readers In Story County 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, Raising Readers In Story County 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 deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all 12 filings, indicating a volunteer-led organization or one with extremely low administrative overhead, which is highly commendable for a nonprofit of its size with current assets of $813,983.
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 Raising Readers In Story County's IRS 990 filings:
- Slight deficit in the most recent filing period (202306), with expenses exceeding revenue by $9,484.
Strengths
The following positive indicators were identified for Raising Readers In Story County:
- Consistent asset growth from $127,996 in 2014 to $813,983 currently.
- 0% officer compensation reported across all 12 IRS 990 filings, indicating high efficiency.
- Strong financial stability with growing assets and relatively low liabilities.
- Clear and consistent financial reporting over a decade, demonstrating transparency.
- Generally positive net income trend over the past decade, supporting sustainability.
Frequently Asked Questions about Raising Readers In Story County
Is Raising Readers In Story County a legitimate charity?
Based on AI analysis of IRS 990 filings, Raising Readers In Story County (EIN: 201672684) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Raising Readers In Story County spend its money?
Raising Readers In Story County directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Raising Readers In Story County tax-deductible?
Raising Readers In Story County is registered as a tax-exempt nonprofit (EIN: 201672684). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Raising Readers In Story County CEO make?
Raising Readers In Story County's highest-compensated officer earns $813,983. annually. The organization reported $317K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Raising Readers In Story County's spending goes to programs?
Raising Readers In Story County directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Raising Readers In Story County compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Raising Readers In Story County is above average for NTEE category P40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Raising Readers In Story County located?
Raising Readers In Story County is headquartered in Ames, Iowa and files with the IRS under EIN 201672684. It is classified under NTEE code P40.
How many years of IRS 990 filings does Raising Readers In Story County have?
Raising Readers In Story County has 12 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 $317K in total revenue.
Is Raising Readers In Story County a good charity?
Yes, Raising Readers In Story County appears to be a very good charity, demonstrating strong financial health, consistent asset growth, and a highly efficient operational model with 0% officer compensation reported across all filings.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with assets growing from $127,996 in 2014 to $813,983 currently, indicating strong financial management and sustainability.
What is the trend in revenue and expenses?
Revenue and expenses have generally increased over the decade, with revenue peaking at $400,876 in 2021. While there was a slight deficit in 2023 ($207,808 revenue vs. $217,292 expenses), the overall trend shows healthy financial activity and growth.
Does the organization spend efficiently?
Yes, the organization appears to spend very efficiently, evidenced by the consistent reporting of 0% officer compensation, suggesting that a very high proportion of funds are directed towards program services rather than administrative salaries.
Filing History
IRS 990 filing history for Raising Readers In Story County showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Raising Readers In Story County's revenue has grown by 108.2%, moving from $100K to $208K. Total assets increased by 713.9% over the same period, from $94K to $765K. Total functional expenses rose by 240.3%, from $64K to $217K. In its most recent filing year (2023), Raising Readers In Story County reported a deficit of $9K, with expenses exceeding revenue. The organization holds $23K in liabilities against $765K in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $741K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $208K | $217K | $765K | $23K | — | — |
| 2022 | $172K | $149K | $721K | $12K | — | View 990 |
| 2021 | $401K | $247K | $700K | $6K | — | — |
| 2020 | $282K | $252K | $575K | $35K | — | View 990 |
| 2019 | $337K | $271K | $519K | $8K | — | View 990 |
| 2018 | $301K | $245K | $452K | $7K | — | View 990 |
| 2017 | $236K | $165K | $393K | $4K | — | View 990 |
| 2016 | $196K | $129K | $322K | $4K | — | View 990 |
| 2015 | $235K | $124K | $254K | $3K | — | View 990 |
| 2014 | $83K | $85K | $128K | $2K | — | View 990 |
| 2013 | $96K | $62K | $128K | $0 | — | View 990 |
| 2012 | $100K | $64K | $94K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $208K, expenses of $217K, and assets of $765K (revenue +20.7% year-over-year).
- 2022: Revenue of $172K, expenses of $149K, and assets of $721K (revenue -57.1% year-over-year).
- 2021: Revenue of $401K, expenses of $247K, and assets of $700K (revenue +42.4% year-over-year).
- 2020: Revenue of $282K, expenses of $252K, and assets of $575K (revenue -16.5% year-over-year).
- 2019: Revenue of $337K, expenses of $271K, and assets of $519K (revenue +12.2% year-over-year).
- 2018: Revenue of $301K, expenses of $245K, and assets of $452K (revenue +27.6% year-over-year).
- 2017: Revenue of $236K, expenses of $165K, and assets of $393K (revenue +20.4% year-over-year).
- 2016: Revenue of $196K, expenses of $129K, and assets of $322K (revenue -16.7% year-over-year).
- 2015: Revenue of $235K, expenses of $124K, and assets of $254K (revenue +182.1% year-over-year).
- 2014: Revenue of $83K, expenses of $85K, and assets of $128K (revenue -13.4% year-over-year).
- 2013: Revenue of $96K, expenses of $62K, and assets of $128K (revenue -3.7% year-over-year).
- 2012: Revenue of $100K, expenses of $64K, and assets of $94K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raising Readers In Story County:
Data Sources and Methodology
This transparency report for Raising Readers In Story County 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.