Read And Feed
Read And Feed maintains strong assets and volunteer leadership despite recent revenue fluctuation.
EIN: 203246207 · Cary, NC · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $628K |
| Total Expenses | $469K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $936K |
| Transparency Score | 92/100 |
Is Read And Feed Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Read And Feed directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Read And Feed
Read And Feed (EIN: 203246207) is a nonprofit organization based in Cary, NC, classified under NTEE code P20. The organization reported total revenue of $628K and total assets of $989K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Read And Feed's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Read And Feed is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $628K |
| Total Expenses | $469K |
| Surplus / Deficit | +$159K |
| Total Assets | $989K |
| Total Liabilities | $53K |
| Net Assets | $936K |
| Operating Margin | 25.4% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 25.3 months |
Financial Health Grade: A
In 2023, Read And Feed reported a surplus of $159K with revenue exceeding expenses, holds 25.3 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Read And Feed's revenue has grown at a compound annual growth rate (CAGR) of 16.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.0% | -1.6% | -19.6% |
| 2022 | +86.6% | -5.3% | +93.6% |
| 2021 | +14.1% | +6.8% | +15.9% |
| 2020 | +186.6% | +96.0% | +3.9% |
| 2019 | -52.5% | -43.2% | -21.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 And Feed 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, Read And Feed 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 surplus of $159K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.4%.
Executive Compensation Analysis
Read And Feed consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive team, which is highly commendable for a nonprofit of its size with nearly $1 million in assets.
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.
Strengths
The following positive indicators were identified for Read And Feed:
- Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Strong asset growth over the past decade, reaching nearly $1 million in 202306.
- Expenses consistently lower than revenue in most recent periods, demonstrating sound financial management.
- Low liabilities relative to assets, indicating financial stability.
- High program efficiency due to minimal overhead from executive salaries.
Frequently Asked Questions about Read And Feed
Is Read And Feed a legitimate charity?
Read And Feed (EIN: 203246207) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $628K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Read And Feed spend its money?
Read And Feed directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Read And Feed tax-deductible?
Read And Feed is registered as a tax-exempt nonprofit (EIN: 203246207). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Read And Feed CEO make?
Read And Feed's highest-compensated officer earns $1 annually. The organization reported $628K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Read And Feed's spending goes to programs?
Read And Feed directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Read And Feed compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Read And Feed is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Read And Feed located?
Read And Feed is headquartered in Cary, North Carolina and files with the IRS under EIN 203246207. It is classified under NTEE code P20.
How many years of IRS 990 filings does Read And Feed have?
Read And Feed 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 $628K in total revenue.
Is Read And Feed a good charity?
Based on its financial data, Read And Feed appears to be a very good charity. It demonstrates strong financial health with growing assets, efficient spending (expenses generally below revenue), and a remarkable commitment to volunteer leadership with 0% officer compensation reported across all filings.
How has Read And Feed's revenue trended recently?
Read And Feed's revenue has shown some fluctuation, with a significant increase to $1,083,677 in 202206, followed by a decrease to $628,125 in 202306. Despite this, the latest revenue is still robust and higher than most pre-2022 periods.
What is the organization's asset growth like?
Read And Feed has demonstrated strong asset growth, increasing from $239,918 in 201412 to $989,360 in 202306, nearly quadrupling its assets over the past decade.
Does Read And Feed have high administrative costs?
Based on the 0% officer compensation reported and the overall financial health, it is highly probable that Read And Feed maintains very low administrative costs, allowing a greater proportion of funds to go directly to programs.
Filing History
IRS 990 filing history for Read And Feed showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Read And Feed's revenue has grown by 491.8%, moving from $106K to $628K. Total assets increased by 1140.1% over the same period, from $80K to $989K. Total functional expenses rose by 249.3%, from $134K to $469K. In its most recent filing year (2023), Read And Feed reported a surplus of $159K, with revenue exceeding expenses. The organization holds $53K in liabilities against $989K in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $936K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $628K | $469K | $989K | $53K | — | — |
| 2022 | $1.1M | $476K | $1.2M | $13K | — | View 990 |
| 2021 | $581K | $503K | $635K | $26K | — | View 990 |
| 2020 | $509K | $471K | $548K | $17K | — | View 990 |
| 2019 | $178K | $240K | $528K | $11K | — | View 990 |
| 2018 | $374K | $423K | $668K | $15K | — | View 990 |
| 2017 | $442K | $357K | $733K | $8K | — | View 990 |
| 2016 | $516K | $317K | $471K | $0 | — | View 990 |
| 2015 | $292K | $260K | $272K | $0 | — | View 990 |
| 2014 | $270K | $260K | $240K | $0 | — | View 990 |
| 2013 | $346K | $246K | $225K | $0 | — | View 990 |
| 2012 | $228K | $181K | $130K | $5K | — | View 990 |
| 2011 | $106K | $134K | $80K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $628K, expenses of $469K, and assets of $989K (revenue -42.0% year-over-year).
- 2022: Revenue of $1.1M, expenses of $476K, and assets of $1.2M (revenue +86.6% year-over-year).
- 2021: Revenue of $581K, expenses of $503K, and assets of $635K (revenue +14.1% year-over-year).
- 2020: Revenue of $509K, expenses of $471K, and assets of $548K (revenue +186.6% year-over-year).
- 2019: Revenue of $178K, expenses of $240K, and assets of $528K (revenue -52.5% year-over-year).
- 2018: Revenue of $374K, expenses of $423K, and assets of $668K (revenue -15.4% year-over-year).
- 2017: Revenue of $442K, expenses of $357K, and assets of $733K (revenue -14.4% year-over-year).
- 2016: Revenue of $516K, expenses of $317K, and assets of $471K (revenue +76.8% year-over-year).
- 2015: Revenue of $292K, expenses of $260K, and assets of $272K (revenue +8.0% year-over-year).
- 2014: Revenue of $270K, expenses of $260K, and assets of $240K (revenue -22.0% year-over-year).
- 2013: Revenue of $346K, expenses of $246K, and assets of $225K (revenue +52.2% year-over-year).
- 2012: Revenue of $228K, expenses of $181K, and assets of $130K (revenue +114.4% year-over-year).
- 2011: Revenue of $106K, expenses of $134K, and assets of $80K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Read And Feed:
Data Sources and Methodology
This transparency report for Read And Feed 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.