Read To A Child Inc
Read To A Child Inc shows consistent revenue growth and strong program spending with no reported officer compensation.
EIN: 203526239 · Wellesley, MA · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $902K |
| Transparency Score | 92/100 |
Is Read To A Child Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Read To A Child Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Read To A Child Inc
Read To A Child Inc (EIN: 203526239) is a nonprofit organization based in Wellesley, MA, classified under NTEE code B90. The organization reported total revenue of $1.6M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Read To A Child Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Read To A Child Inc is a mid-size 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 28.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$191K |
| Total Assets | $979K |
| Total Liabilities | $78K |
| Net Assets | $902K |
| Operating Margin | 11.5% |
| Debt-to-Asset Ratio | 7.9% |
| Months of Reserves | 8.0 months |
Financial Health Grade: A
In 2023, Read To A Child Inc reported a surplus of $191K with revenue exceeding expenses, holds 8.0 months of operating reserves (strong position), has a debt-to-asset ratio of 7.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Read To A Child Inc's revenue has grown at a compound annual growth rate (CAGR) of 28.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.4% | +12.9% | +26.5% |
| 2022 | +9.5% | +13.9% | -2.9% |
| 2021 | +50.8% | -6.5% | +27.2% |
| 2020 | -29.9% | -8.5% | -1.2% |
| 2019 | +6.7% | +8.4% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 To A Child Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Read To A Child 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 surplus of $191K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with over $1.5 million in annual revenue.
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 To A Child Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation, which might indicate compensation is reported under other expense categories or through related organizations, or that leadership is entirely volunteer-based, which could pose sustainability questions for an organization of this size.
Strengths
The following positive indicators were identified for Read To A Child Inc:
- Consistent revenue growth over the past decade, from $922,869 in 201409 to $1,665,524 in 202309.
- Strong financial health with assets consistently exceeding liabilities (e.g., $979,260 assets vs. $77,684 liabilities in 202309).
- High program spending efficiency, directing a significant portion of expenses to its mission.
- No reported officer compensation, suggesting a strong commitment to program funding.
Frequently Asked Questions about Read To A Child Inc
Is Read To A Child Inc a legitimate charity?
Read To A Child Inc (EIN: 203526239) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.6M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Read To A Child Inc spend its money?
Read To A Child Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Read To A Child Inc tax-deductible?
Read To A Child Inc is registered as a tax-exempt nonprofit (EIN: 203526239). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Read To A Child Inc CEO make?
Read To A Child Inc's highest-compensated officer earns $1.5 annually. The organization reported $1.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Read To A Child Inc's spending goes to programs?
Read To A Child Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Read To A Child Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Read To A Child Inc is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Read To A Child Inc located?
Read To A Child Inc is headquartered in Wellesley, Massachusetts and files with the IRS under EIN 203526239. It is classified under NTEE code B90.
How many years of IRS 990 filings does Read To A Child Inc have?
Read To A Child 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 $1.6M in total revenue.
Is Read To A Child Inc a good charity?
Based on the provided data, Read To A Child Inc appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, and a high percentage of spending directed towards its programs. The absence of reported officer compensation is also a significant positive indicator of its commitment to its mission.
How has Read To A Child Inc's revenue trended over time?
Read To A Child Inc has shown a strong upward trend in revenue, growing from $922,869 in 201409 to $1,665,524 in 202309, indicating consistent growth and donor support.
What is the organization's asset-to-liability ratio?
In the latest filing (202309), Read To A Child Inc had assets of $979,260 and liabilities of $77,684, resulting in a strong asset-to-liability ratio of approximately 12.6:1, indicating excellent financial stability.
Filing History
IRS 990 filing history for Read To A Child Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Read To A Child Inc's revenue has grown by 1892.9%, moving from $84K to $1.7M. Total assets increased by 632.9% over the same period, from $134K to $979K. Total functional expenses rose by 815.9%, from $161K to $1.5M. In its most recent filing year (2023), Read To A Child Inc reported a surplus of $191K, with revenue exceeding expenses. The organization holds $78K in liabilities against $979K in assets (debt-to-asset ratio: 7.9%), resulting in net assets of $902K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.5M | $979K | $78K | — | View 990 |
| 2022 | $1.5M | $1.3M | $774K | $63K | — | View 990 |
| 2021 | $1.4M | $1.1M | $797K | $318K | — | View 990 |
| 2020 | $931K | $1.2M | $627K | $405K | — | View 990 |
| 2019 | $1.3M | $1.3M | $635K | $117K | — | View 990 |
| 2018 | $1.2M | $1.2M | $633K | $106K | — | View 990 |
| 2017 | $1.2M | $1.2M | $641K | $123K | — | View 990 |
| 2016 | $1.1M | $1.1M | $684K | $128K | — | View 990 |
| 2015 | $1.1M | $972K | $614K | $90K | — | View 990 |
| 2014 | $923K | $899K | $532K | $105K | — | View 990 |
| 2013 | $956K | $753K | $495K | $91K | — | View 990 |
| 2012 | $368K | $303K | $231K | $32K | — | View 990 |
| 2011 | $84K | $161K | $134K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.5M, and assets of $979K (revenue +8.4% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.3M, and assets of $774K (revenue +9.5% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.1M, and assets of $797K (revenue +50.8% year-over-year).
- 2020: Revenue of $931K, expenses of $1.2M, and assets of $627K (revenue -29.9% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $635K (revenue +6.7% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $633K (revenue +7.4% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $641K (revenue +4.5% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $684K (revenue +3.7% year-over-year).
- 2015: Revenue of $1.1M, expenses of $972K, and assets of $614K (revenue +16.0% year-over-year).
- 2014: Revenue of $923K, expenses of $899K, and assets of $532K (revenue -3.5% year-over-year).
- 2013: Revenue of $956K, expenses of $753K, and assets of $495K (revenue +159.6% year-over-year).
- 2012: Revenue of $368K, expenses of $303K, and assets of $231K (revenue +340.6% year-over-year).
- 2011: Revenue of $84K, expenses of $161K, and assets of $134K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Read To A Child Inc:
Data Sources and Methodology
This transparency report for Read To A Child 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.