Read For Kids Donate To Kids Inc
Read For Kids Donate To Kids Inc. operates with minimal assets and no officer compensation, spending nearly all revenue annually.
EIN: 203204430 · Las Vegas, NV · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $40K |
| Total Expenses | $49K |
| Program Spending | 85% |
| Net Assets | $1K |
| Transparency Score | 80/100 |
Is Read For Kids Donate To Kids Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Read For Kids Donate To Kids Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Read For Kids Donate To Kids Inc
Read For Kids Donate To Kids Inc (EIN: 203204430) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code Q33. The organization reported total revenue of $40K and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Read For Kids Donate To Kids Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Read For Kids Donate To Kids Inc is a micro 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 11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $48K |
| Total Expenses | $49K |
| Surplus / Deficit | $-110 |
| Total Assets | $1K |
| Net Assets | $1K |
| Operating Margin | -0.2% |
| Months of Reserves | 0.3 months |
Financial Health Grade: C
In 2023, Read For Kids Donate To Kids Inc reported a deficit of $110 with expenses exceeding revenue, holds 0.3 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Read For Kids Donate To Kids Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +120.2% | +113.5% | -8.4% |
| 2022 | -66.2% | -66.4% | -36.3% |
| 2021 | +80.6% | +95.7% | -56.8% |
| 2020 | +252.9% | +239.1% | +42.0% |
| 2019 | -78.1% | -77.2% | +0.0% |
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 For Kids Donate To Kids Inc with a Mission Score of 80 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: 85%
- fundraising: 5%
According to IRS 990 filings, Read For Kids Donate To Kids Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $110, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer roles, which is highly favorable for donor perception and resource allocation.
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 For Kids Donate To Kids Inc's IRS 990 filings:
- Extremely low asset base ($1,199 in 2023) indicates minimal financial reserves.
- Expenses frequently exceed revenue, leading to small annual deficits (e.g., $48,560 expenses vs. $48,450 revenue in 2023).
Strengths
The following positive indicators were identified for Read For Kids Donate To Kids Inc:
- Consistent 0% officer compensation across all filings, indicating efficient use of funds for mission.
- Strong transparency with a consistent history of IRS 990 filings (13 filings).
- No reported liabilities, suggesting sound financial management regarding debt.
Frequently Asked Questions about Read For Kids Donate To Kids Inc
Is Read For Kids Donate To Kids Inc a legitimate charity?
Read For Kids Donate To Kids Inc (EIN: 203204430) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $40K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Read For Kids Donate To Kids Inc spend its money?
Read For Kids Donate To Kids Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Read For Kids Donate To Kids Inc tax-deductible?
Read For Kids Donate To Kids Inc is registered as a tax-exempt nonprofit (EIN: 203204430). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Read For Kids Donate To Kids Inc's spending goes to programs?
Read For Kids Donate To Kids Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Read For Kids Donate To Kids Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Read For Kids Donate To Kids Inc is above average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Read For Kids Donate To Kids Inc located?
Read For Kids Donate To Kids Inc is headquartered in Las Vegas, Nevada and files with the IRS under EIN 203204430. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Read For Kids Donate To Kids Inc have?
Read For Kids Donate To Kids 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 $40K in total revenue.
How does Read For Kids Donate To Kids Inc. manage to operate with such minimal assets?
The organization's consistent reporting of minimal assets ($1,199 in 2023) and 0% officer compensation suggests a highly volunteer-driven model with very low overhead, relying on immediate cash flow to cover expenses rather than building significant reserves.
What is the typical program impact given the fluctuating revenue?
With revenues fluctuating significantly (e.g., $22,000 in 2022 to $48,450 in 2023), the scale of program impact likely varies year-to-year, directly correlating with the available funding. The organization appears to spend nearly all its revenue on an annual basis, indicating direct application of funds to its mission.
Does the organization have any financial reserves for future operations or emergencies?
Based on the latest filing showing assets of $1,199 and no liabilities, the organization has extremely limited financial reserves. It operates on a very lean budget, with expenses often closely matching or slightly exceeding revenue, leaving little to accumulate as a buffer.
Filing History
IRS 990 filing history for Read For Kids Donate To Kids Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Read For Kids Donate To Kids Inc's revenue has grown by 273%, moving from $13K to $48K. Total assets increased by 146.7% over the same period, from $486 to $1K. Total functional expenses rose by 288.3%, from $13K to $49K. In its most recent filing year (2023), Read For Kids Donate To Kids Inc reported a deficit of $110, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $48K | $49K | $1K | $0 | — | — |
| 2022 | $22K | $23K | $1K | $0 | — | View 990 |
| 2021 | $65K | $68K | $2K | $0 | — | — |
| 2020 | $36K | $35K | $5K | $0 | — | — |
| 2019 | $10K | $10K | $3K | $0 | — | View 990 |
| 2018 | $47K | $45K | $3K | $0 | — | View 990 |
| 2017 | $18K | $19K | $2K | $0 | — | — |
| 2016 | $12K | $18K | $2K | $0 | — | View 990 |
| 2015 | $8K | $18K | $9K | $0 | — | View 990 |
| 2014 | $17K | $12K | $18K | $0 | — | View 990 |
| 2013 | $18K | $5K | $13K | $0 | — | View 990 |
| 2012 | $6K | $6K | $0 | $0 | — | View 990 |
| 2011 | $13K | $13K | $486 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $48K, expenses of $49K, and assets of $1K (revenue +120.2% year-over-year).
- 2022: Revenue of $22K, expenses of $23K, and assets of $1K (revenue -66.2% year-over-year).
- 2021: Revenue of $65K, expenses of $68K, and assets of $2K (revenue +80.6% year-over-year).
- 2020: Revenue of $36K, expenses of $35K, and assets of $5K (revenue +252.9% year-over-year).
- 2019: Revenue of $10K, expenses of $10K, and assets of $3K (revenue -78.1% year-over-year).
- 2018: Revenue of $47K, expenses of $45K, and assets of $3K (revenue +152.7% year-over-year).
- 2017: Revenue of $18K, expenses of $19K, and assets of $2K (revenue +58.6% year-over-year).
- 2016: Revenue of $12K, expenses of $18K, and assets of $2K (revenue +38.1% year-over-year).
- 2015: Revenue of $8K, expenses of $18K, and assets of $9K (revenue -50.9% year-over-year).
- 2014: Revenue of $17K, expenses of $12K, and assets of $18K (revenue -3.5% year-over-year).
- 2013: Revenue of $18K, expenses of $5K, and assets of $13K (revenue +177.8% year-over-year).
- 2012: Revenue of $6K, expenses of $6K, and assets of $0 (revenue -50.9% year-over-year).
- 2011: Revenue of $13K, expenses of $13K, and assets of $486.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Read For Kids Donate To Kids Inc:
Data Sources and Methodology
This transparency report for Read For Kids Donate To Kids 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.