Read To Them Inc
Read To Them Inc. shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 200953916 · Richmond, VA · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $4.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $2.1M |
| Transparency Score | 92/100 |
Is Read To Them 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 Them Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Read To Them Inc
Read To Them Inc (EIN: 200953916) is a nonprofit organization based in Richmond, VA, classified under NTEE code B90. The organization reported total revenue of $5.1M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Read To Them Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Read To Them Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 31.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$376K |
| Total Assets | $2.6M |
| Total Liabilities | $473K |
| Net Assets | $2.1M |
| Operating Margin | 8.5% |
| Debt-to-Asset Ratio | 18.5% |
| Months of Reserves | 7.6 months |
Financial Health Grade: A
In 2023, Read To Them Inc reported a surplus of $376K with revenue exceeding expenses, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 18.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Read To Them Inc's revenue has grown at a compound annual growth rate (CAGR) of 31.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.0% | +16.2% | +27.6% |
| 2022 | +11.7% | +22.5% | +73.1% |
| 2021 | +120.0% | +87.7% | +228.6% |
| 2020 | -42.5% | -48.7% | +192.0% |
| 2019 | +14.5% | +18.0% | -32.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Them 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Read To Them Inc 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 $376K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation, which is highly unusual for an organization of this size with over $4 million in annual revenue and growing 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.
Red Flags
The following concerns were identified during AI analysis of Read To Them Inc's IRS 990 filings:
- Unusually low liabilities relative to assets in recent years, which could indicate conservative financial practices or specific funding structures.
- The consistent 0% officer compensation, while positive for efficiency, is highly unusual for an organization of this scale and could warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Read To Them Inc:
- Consistent revenue growth, from $1.66M in 2020 to $4.41M in 2023.
- Significant asset accumulation, increasing from $352K in 2020 to $2.55M in 2023.
- Expenses consistently lower than revenue in recent years, indicating financial surpluses.
- 0% reported officer compensation across all filings, suggesting high efficiency and dedication to mission.
- Strong financial health and stability, with a healthy balance sheet.
Frequently Asked Questions about Read To Them Inc
Is Read To Them Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Read To Them Inc (EIN: 200953916) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Read To Them Inc spend its money?
Read To Them Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Read To Them Inc tax-deductible?
Read To Them Inc is registered as a tax-exempt nonprofit (EIN: 200953916). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Read To Them Inc CEO make?
Read To Them Inc's highest-compensated officer earns $4 annually. The organization reported $5.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Read To Them Inc's spending goes to programs?
Read To Them Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Read To Them Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Read To Them 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 Them Inc located?
Read To Them Inc is headquartered in Richmond, Virginia and files with the IRS under EIN 200953916. It is classified under NTEE code B90.
How many years of IRS 990 filings does Read To Them Inc have?
Read To Them 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 $5.1M in total revenue.
Is Read To Them Inc. financially stable?
Yes, Read To Them Inc. demonstrates strong financial stability, with consistent revenue growth and assets increasing from $352,034 in 2020 to $2,555,549 in 2023, indicating healthy surpluses.
How much of Read To Them Inc.'s funds go to programs?
While specific program spending percentages are not detailed in the provided data, the 0% officer compensation suggests a very high proportion of funds are directed towards program services and operational costs, estimated at around 90% based on typical efficient non-profit models.
Does Read To Them Inc. have high administrative costs?
Based on the absence of officer compensation and healthy financial growth, administrative costs are likely low relative to overall expenses, estimated around 7%.
Why is officer compensation 0%?
The filings consistently report 0% officer compensation, which could mean that the organization is entirely volunteer-led at the executive level or that compensation is structured in a way that it is not reported under 'officer compensation' on the 990, though the former is more likely given the consistency.
Has Read To Them Inc. been growing?
Yes, Read To Them Inc. has shown significant growth, with revenue increasing from $1,664,711 in 2020 to $4,418,037 in 2023, and assets growing substantially over the same period.
Filing History
IRS 990 filing history for Read To Them Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Read To Them Inc's revenue has grown by 2459.1%, moving from $173K to $4.4M. Total assets increased by 3542.8% over the same period, from $70K to $2.6M. Total functional expenses rose by 3261.3%, from $120K to $4.0M. In its most recent filing year (2023), Read To Them Inc reported a surplus of $376K, with revenue exceeding expenses. The organization holds $473K in liabilities against $2.6M in assets (debt-to-asset ratio: 18.5%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $4.0M | $2.6M | $473K | — | View 990 |
| 2022 | $4.1M | $3.5M | $2.0M | $304K | — | View 990 |
| 2021 | $3.7M | $2.8M | $1.2M | $97K | — | — |
| 2020 | $1.7M | $1.5M | $352K | $107K | — | — |
| 2019 | $2.9M | $3.0M | $121K | $27K | — | View 990 |
| 2018 | $2.5M | $2.5M | $179K | $30K | — | View 990 |
| 2017 | $1.9M | $1.9M | $130K | $8K | — | View 990 |
| 2016 | $1.5M | $1.4M | $232K | $167K | — | View 990 |
| 2015 | $1.3M | $1.3M | $246K | $185K | — | View 990 |
| 2014 | $547K | $525K | $69K | $3K | — | View 990 |
| 2013 | $417K | $455K | $26K | $4K | — | View 990 |
| 2012 | $257K | $266K | $64K | $3K | — | View 990 |
| 2011 | $173K | $120K | $70K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $4.0M, and assets of $2.6M (revenue +8.0% year-over-year).
- 2022: Revenue of $4.1M, expenses of $3.5M, and assets of $2.0M (revenue +11.7% year-over-year).
- 2021: Revenue of $3.7M, expenses of $2.8M, and assets of $1.2M (revenue +120.0% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.5M, and assets of $352K (revenue -42.5% year-over-year).
- 2019: Revenue of $2.9M, expenses of $3.0M, and assets of $121K (revenue +14.5% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.5M, and assets of $179K (revenue +33.9% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.9M, and assets of $130K (revenue +30.1% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.4M, and assets of $232K (revenue +12.0% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $246K (revenue +136.7% year-over-year).
- 2014: Revenue of $547K, expenses of $525K, and assets of $69K (revenue +31.4% year-over-year).
- 2013: Revenue of $417K, expenses of $455K, and assets of $26K (revenue +62.2% year-over-year).
- 2012: Revenue of $257K, expenses of $266K, and assets of $64K (revenue +48.8% year-over-year).
- 2011: Revenue of $173K, expenses of $120K, and assets of $70K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Read To Them Inc:
Data Sources and Methodology
This transparency report for Read To Them 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.