Reach Out And Read Rhode Island
EIN: 50514148 · Providence, RI · NTEE: B92
| Metric | Value |
|---|---|
| Total Revenue | $467K |
| Total Expenses | $654K |
| Net Assets | $397K |
Is Reach Out And Read Rhode Island Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Reach Out And Read Rhode Island
Reach Out And Read Rhode Island (EIN: 50514148) is a nonprofit organization based in Providence, RI, classified under NTEE code B92. The organization reported total revenue of $467K and total assets of $309K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reach Out And Read Rhode Island's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reach Out And Read Rhode Island is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $396K |
| Total Expenses | $654K |
| Surplus / Deficit | $-258,733 |
| Total Assets | $414K |
| Total Liabilities | $17K |
| Net Assets | $397K |
| Operating Margin | -65.4% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 7.6 months |
Financial Health Grade: B
In 2024, Reach Out And Read Rhode Island reported a deficit of $259K with expenses exceeding revenue, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2024), Reach Out And Read Rhode Island's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -27.9% | +15.2% | -36.5% |
| 2023 | +0.0% | +68.2% | -0.5% |
| 2022 | +60.1% | +18.8% | +33.6% |
| 2021 | -8.9% | +0.7% | +48.5% |
| 2019 | +23.9% | -7.8% | +36.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Reach Out And Read Rhode Island 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 Reach Out And Read Rhode Island 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $259K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.2%.
Frequently Asked Questions about Reach Out And Read Rhode Island
Is Reach Out And Read Rhode Island a legitimate charity?
Reach Out And Read Rhode Island (EIN: 50514148) is a registered tax-exempt nonprofit based in Rhode Island. It has 13 years of IRS 990 filings on record. Total revenue: $467K. No red flags identified. Financial health grade: B.
How does Reach Out And Read Rhode Island spend its money?
Reach Out And Read Rhode Island reported $467K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Reach Out And Read Rhode Island tax-deductible?
Reach Out And Read Rhode Island is registered as a tax-exempt nonprofit (EIN: 50514148). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Reach Out And Read Rhode Island located?
Reach Out And Read Rhode Island is headquartered in Providence, Rhode Island and files with the IRS under EIN 50514148. It is classified under NTEE code B92.
How many years of IRS 990 filings does Reach Out And Read Rhode Island have?
Reach Out And Read Rhode Island 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 $467K in total revenue.
Filing History
IRS 990 filing history for Reach Out And Read Rhode Island showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Reach Out And Read Rhode Island's revenue has grown by 82.5%, moving from $217K to $396K. Total assets increased by 315.1% over the same period, from $100K to $414K. Total functional expenses rose by 272.2%, from $176K to $654K. In its most recent filing year (2024), Reach Out And Read Rhode Island reported a deficit of $259K, with expenses exceeding revenue. The organization holds $17K in liabilities against $414K in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $397K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $396K | $654K | $414K | $17K | — | — |
| 2023 | $549K | $568K | $651K | $16K | — | View 990 |
| 2022 | $549K | $338K | $655K | $3K | — | View 990 |
| 2021 | $343K | $284K | $490K | $57 | — | View 990 |
| 2019 | $376K | $282K | $330K | $0 | — | View 990 |
| 2018 | $304K | $306K | $242K | $0 | — | View 990 |
| 2017 | $336K | $294K | $244K | $0 | — | View 990 |
| 2016 | $253K | $287K | $202K | $0 | — | View 990 |
| 2015 | $203K | $172K | $236K | $0 | — | View 990 |
| 2014 | $201K | $157K | $206K | $0 | — | View 990 |
| 2013 | $114K | $83K | $161K | $0 | — | View 990 |
| 2012 | $123K | $94K | $129K | $0 | — | View 990 |
| 2011 | $217K | $176K | $100K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $396K, expenses of $654K, and assets of $414K (revenue -27.9% year-over-year).
- 2023: Revenue of $549K, expenses of $568K, and assets of $651K (revenue +0.0% year-over-year).
- 2022: Revenue of $549K, expenses of $338K, and assets of $655K (revenue +60.1% year-over-year).
- 2021: Revenue of $343K, expenses of $284K, and assets of $490K (revenue -8.9% year-over-year).
- 2019: Revenue of $376K, expenses of $282K, and assets of $330K (revenue +23.9% year-over-year).
- 2018: Revenue of $304K, expenses of $306K, and assets of $242K (revenue -9.6% year-over-year).
- 2017: Revenue of $336K, expenses of $294K, and assets of $244K (revenue +32.6% year-over-year).
- 2016: Revenue of $253K, expenses of $287K, and assets of $202K (revenue +24.8% year-over-year).
- 2015: Revenue of $203K, expenses of $172K, and assets of $236K (revenue +0.8% year-over-year).
- 2014: Revenue of $201K, expenses of $157K, and assets of $206K (revenue +76.2% year-over-year).
- 2013: Revenue of $114K, expenses of $83K, and assets of $161K (revenue -7.4% year-over-year).
- 2012: Revenue of $123K, expenses of $94K, and assets of $129K (revenue -43.1% year-over-year).
- 2011: Revenue of $217K, expenses of $176K, and assets of $100K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reach Out And Read Rhode Island:
Data Sources and Methodology
This transparency report for Reach Out And Read Rhode Island 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.