Read To Succeed Inc
Read To Succeed Inc consistently operates with modest surpluses and no officer compensation, growing assets steadily.
EIN: 200175948 · Murfreesboro, TN · NTEE: B92 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $206K |
| Total Expenses | $223K |
| Program Spending | 85% |
| Net Assets | $114K |
| Transparency Score | 90/100 |
Is Read To Succeed Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Read To Succeed Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Read To Succeed Inc
Read To Succeed Inc (EIN: 200175948) is a nonprofit organization based in Murfreesboro, TN, classified under NTEE code B92. The organization reported total revenue of $206K and total assets of $46K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Read To Succeed Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Read To Succeed Inc is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $231K |
| Total Expenses | $223K |
| Surplus / Deficit | +$8K |
| Total Assets | $114K |
| Net Assets | $114K |
| Operating Margin | 3.5% |
| Months of Reserves | 6.1 months |
Financial Health Grade: A
In 2024, Read To Succeed Inc reported a surplus of $8K with revenue exceeding expenses, holds 6.1 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2024), Read To Succeed Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -2.0% | +4.8% | +7.7% |
| 2023 | +9.5% | +6.6% | +22.8% |
| 2022 | -2.0% | +3.4% | +23.3% |
| 2021 | +14.2% | -9.8% | -9.8% |
| 2020 | -21.3% | -1.5% | -18.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Succeed 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: 85%
- fundraising: 5%
According to IRS 990 filings, Read To Succeed 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for resource allocation to programs.
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 To Succeed Inc:
- No reported officer compensation, indicating high resource allocation to mission.
- Consistent growth in net assets, from $69,914 in 2021 to $113,989 in 2024.
- Zero liabilities reported in the most recent two fiscal periods (2023 and 2024), demonstrating strong financial management.
- Consistent revenue generation and expense management, often resulting in small surpluses.
- Regular and transparent IRS 990 filings over a long period (12 filings).
Frequently Asked Questions about Read To Succeed Inc
Is Read To Succeed Inc a legitimate charity?
Read To Succeed Inc (EIN: 200175948) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $206K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Read To Succeed Inc spend its money?
Read To Succeed Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Read To Succeed Inc tax-deductible?
Read To Succeed Inc is registered as a tax-exempt nonprofit (EIN: 200175948). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Read To Succeed Inc's spending goes to programs?
Read To Succeed Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Read To Succeed Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Read To Succeed Inc is above average for NTEE category B92 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Read To Succeed Inc located?
Read To Succeed Inc is headquartered in Murfreesboro, Tennessee and files with the IRS under EIN 200175948. It is classified under NTEE code B92.
How many years of IRS 990 filings does Read To Succeed Inc have?
Read To Succeed Inc has 12 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 $206K in total revenue.
Is Read To Succeed Inc financially stable?
Yes, Read To Succeed Inc appears financially stable. Their assets have consistently grown, reaching $113,989 in 2024, and liabilities have been zero in the last two reporting periods (2023 and 2024), indicating strong financial health.
How efficiently does Read To Succeed Inc use its funds?
The organization appears highly efficient. With no reported officer compensation and consistent surpluses (e.g., $8,117 in 2024, $22,833 in 2023), a significant portion of funds is likely directed towards program delivery and operational needs, rather than administrative overhead or executive salaries.
What is the trend in Read To Succeed Inc's revenue?
Read To Succeed Inc's revenue has been relatively stable, fluctuating between approximately $190,000 and $245,000 over the past decade, with the most recent filing showing $230,802 in revenue for 2024.
Filing History
IRS 990 filing history for Read To Succeed Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2024), Read To Succeed Inc's revenue has grown by 65%, moving from $140K to $231K. Total assets increased by 18.4% over the same period, from $96K to $114K. Total functional expenses rose by 89.6%, from $117K to $223K. In its most recent filing year (2024), Read To Succeed Inc reported a surplus of $8K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $231K | $223K | $114K | $0 | — | — |
| 2023 | $235K | $213K | $106K | $0 | — | View 990 |
| 2022 | $215K | $199K | $86K | $3K | — | View 990 |
| 2021 | $220K | $193K | $70K | $2K | — | View 990 |
| 2020 | $192K | $214K | $77K | $37K | — | View 990 |
| 2019 | $244K | $217K | $95K | $33K | — | View 990 |
| 2018 | $216K | $224K | $83K | $48K | — | View 990 |
| 2016 | $166K | $181K | $97K | $61K | — | View 990 |
| 2015 | $163K | $178K | $64K | $14K | — | View 990 |
| 2014 | $161K | $145K | $86K | $20K | — | View 990 |
| 2013 | $109K | $158K | $77K | $28K | — | View 990 |
| 2012 | $140K | $117K | $96K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $231K, expenses of $223K, and assets of $114K (revenue -2.0% year-over-year).
- 2023: Revenue of $235K, expenses of $213K, and assets of $106K (revenue +9.5% year-over-year).
- 2022: Revenue of $215K, expenses of $199K, and assets of $86K (revenue -2.0% year-over-year).
- 2021: Revenue of $220K, expenses of $193K, and assets of $70K (revenue +14.2% year-over-year).
- 2020: Revenue of $192K, expenses of $214K, and assets of $77K (revenue -21.3% year-over-year).
- 2019: Revenue of $244K, expenses of $217K, and assets of $95K (revenue +13.1% year-over-year).
- 2018: Revenue of $216K, expenses of $224K, and assets of $83K (revenue +29.9% year-over-year).
- 2016: Revenue of $166K, expenses of $181K, and assets of $97K (revenue +1.9% year-over-year).
- 2015: Revenue of $163K, expenses of $178K, and assets of $64K (revenue +1.2% year-over-year).
- 2014: Revenue of $161K, expenses of $145K, and assets of $86K (revenue +48.0% year-over-year).
- 2013: Revenue of $109K, expenses of $158K, and assets of $77K (revenue -22.1% year-over-year).
- 2012: Revenue of $140K, expenses of $117K, and assets of $96K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Read To Succeed Inc:
Data Sources and Methodology
This transparency report for Read To Succeed 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.