Read Alliance Inc
Read Alliance Inc. shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 134091062 · New York, NY · NTEE: B920 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $3.8M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $3.3M |
| Transparency Score | 90/100 |
Is Read Alliance Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Read Alliance Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Read Alliance Inc
Read Alliance Inc (EIN: 134091062) is a nonprofit organization based in New York, NY, classified under NTEE code B920. The organization reported total revenue of $4.6M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Read Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Read Alliance Inc is a mid-size nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $3.8M |
| Surplus / Deficit | +$84K |
| Total Assets | $4.4M |
| Total Liabilities | $1.1M |
| Net Assets | $3.3M |
| Operating Margin | 2.1% |
| Debt-to-Asset Ratio | 25.5% |
| Months of Reserves | 13.7 months |
Financial Health Grade: A
In 2023, Read Alliance Inc reported a surplus of $84K with revenue exceeding expenses, holds 13.7 months of operating reserves (strong position), has a debt-to-asset ratio of 25.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Read Alliance Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.8% | +40.0% | +29.8% |
| 2022 | +4.9% | +27.2% | +40.9% |
| 2021 | +90.7% | -4.3% | +12.7% |
| 2020 | -16.9% | +0.5% | +34.6% |
| 2019 | +7.4% | +14.9% | +11.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Read Alliance Inc with a Mission Score of 90 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Read Alliance Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $84K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.5%.
Executive Compensation Analysis
Read Alliance Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size with revenues approaching $4 million.
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 Read Alliance Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this revenue size and warrants further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Read Alliance Inc:
- Consistent revenue growth, increasing from $1,835,874 in 202008 to $3,924,971 in 202308.
- Strong asset accumulation, growing from $1,239,903 in 201408 to $4,373,475 in 202308.
- Positive net income in most recent years, indicating financial sustainability (e.g., $931,169 in 202208 and $84,324 in 202308).
- Long and consistent filing history (13 filings), demonstrating commitment to transparency and compliance.
- Low liabilities relative to assets in most periods, indicating good financial management (e.g., $195,090 liabilities vs. $3,368,825 assets in 202208).
Frequently Asked Questions about Read Alliance Inc
Is Read Alliance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Read Alliance Inc (EIN: 134091062) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Read Alliance Inc spend its money?
Read Alliance Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Read Alliance Inc tax-deductible?
Read Alliance Inc is registered as a tax-exempt nonprofit (EIN: 134091062). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Read Alliance Inc CEO make?
Read Alliance Inc's highest-compensated officer earns $4 annually. The organization reported $4.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Read Alliance Inc's spending goes to programs?
Read Alliance Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Read Alliance Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Read Alliance Inc is above average for NTEE category B920 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Read Alliance Inc located?
Read Alliance Inc is headquartered in New York, New York and files with the IRS under EIN 134091062. It is classified under NTEE code B920.
How many years of IRS 990 filings does Read Alliance Inc have?
Read Alliance Inc 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 $4.6M in total revenue.
How does Read Alliance Inc. manage to operate without reporting any officer compensation?
The filings consistently show 0% officer compensation, which could indicate that executive leadership is compensated through other means (e.g., as regular employees rather than officers) or that leadership roles are filled by volunteers. Further investigation into their detailed Form 990 would be needed to clarify this.
What caused the significant increase in liabilities in 202008 and 202308?
Liabilities jumped to $1,223,968 in 202008 and remained high at $1,115,416 in 202308. This could be due to various factors such as new program funding received in advance, capital expenditures, or short-term debt. A detailed look at the balance sheet in the full 990 would provide specifics.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. While the overall financial health is good, these specific ratios are crucial for a complete assessment of spending efficiency.
Filing History
IRS 990 filing history for Read Alliance Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Read Alliance Inc's revenue has grown by 83.4%, moving from $2.1M to $3.9M. Total assets increased by 652.3% over the same period, from $581K to $4.4M. Total functional expenses rose by 60.6%, from $2.4M to $3.8M. In its most recent filing year (2023), Read Alliance Inc reported a surplus of $84K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $4.4M in assets (debt-to-asset ratio: 25.5%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $3.8M | $4.4M | $1.1M | — | — |
| 2022 | $3.7M | $2.7M | $3.4M | $195K | — | View 990 |
| 2021 | $3.5M | $2.2M | $2.4M | $149K | — | View 990 |
| 2020 | $1.8M | $2.3M | $2.1M | $1.2M | — | View 990 |
| 2019 | $2.2M | $2.2M | $1.6M | $260K | — | View 990 |
| 2018 | $2.1M | $2.0M | $1.4M | $61K | — | View 990 |
| 2017 | $1.9M | $1.9M | $1.3M | $80K | — | View 990 |
| 2016 | $2.1M | $2.1M | $1.3M | $105K | — | View 990 |
| 2015 | $2.2M | $2.1M | $1.3M | $71K | — | View 990 |
| 2014 | $2.3M | $1.8M | $1.2M | $105K | — | View 990 |
| 2013 | $1.6M | $1.6M | $698K | $130K | — | View 990 |
| 2012 | $2.4M | $2.3M | $761K | $137K | — | View 990 |
| 2011 | $2.1M | $2.4M | $581K | $40K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $3.8M, and assets of $4.4M (revenue +6.8% year-over-year).
- 2022: Revenue of $3.7M, expenses of $2.7M, and assets of $3.4M (revenue +4.9% year-over-year).
- 2021: Revenue of $3.5M, expenses of $2.2M, and assets of $2.4M (revenue +90.7% year-over-year).
- 2020: Revenue of $1.8M, expenses of $2.3M, and assets of $2.1M (revenue -16.9% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.2M, and assets of $1.6M (revenue +7.4% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.0M, and assets of $1.4M (revenue +7.5% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.9M, and assets of $1.3M (revenue -10.2% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.1M, and assets of $1.3M (revenue -4.9% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.1M, and assets of $1.3M (revenue -3.8% year-over-year).
- 2014: Revenue of $2.3M, expenses of $1.8M, and assets of $1.2M (revenue +47.5% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $698K (revenue -33.9% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.3M, and assets of $761K (revenue +11.6% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.4M, and assets of $581K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Read Alliance Inc:
Data Sources and Methodology
This transparency report for Read Alliance 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.