Reader Institute For Community Journalism Inc
EIN: 843670420 · Chicago, IL · NTEE: A33
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $3.8M |
| Net Assets | $-54,953 |
Is Reader Institute For Community Journalism Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Reader Institute For Community Journalism Inc
Reader Institute For Community Journalism Inc (EIN: 843670420) is a nonprofit organization based in Chicago, IL, classified under NTEE code A33. The organization reported total revenue of $4.5M and total assets of $898K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reader Institute For Community Journalism Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reader Institute For Community Journalism Inc is a mid-size nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 126.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.8M |
| Surplus / Deficit | $-397,605 |
| Total Assets | $581K |
| Total Liabilities | $635K |
| Net Assets | $-54,953 |
| Operating Margin | -11.8% |
| Debt-to-Asset Ratio | 109.5% |
| Months of Reserves | 1.9 months |
Financial Health Grade: D
In 2023, Reader Institute For Community Journalism Inc reported a deficit of $398K with expenses exceeding revenue, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 109.5% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Reader Institute For Community Journalism Inc's revenue has grown at a compound annual growth rate (CAGR) of 126.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.0% | +35.2% | +0.4% |
| 2022 | +153.1% | +223.4% | +38.0% |
| 2021 | +271.0% | +636.2% | +140.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Reader Institute For Community Journalism Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Reader Institute For Community Journalism Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $398K, with expenses exceeding revenue.
- Debt-to-asset ratio: 109.5%.
Frequently Asked Questions about Reader Institute For Community Journalism Inc
Is Reader Institute For Community Journalism Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Reader Institute For Community Journalism Inc (EIN: 843670420) insufficient data. 0 red flags identified, 0 strengths noted.
How does Reader Institute For Community Journalism Inc spend its money?
Detailed spending breakdown data is not yet available for Reader Institute For Community Journalism Inc. Check back for updated IRS 990 analysis.
Are donations to Reader Institute For Community Journalism Inc tax-deductible?
Reader Institute For Community Journalism Inc is registered as a tax-exempt nonprofit (EIN: 843670420). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Reader Institute For Community Journalism Inc located?
Reader Institute For Community Journalism Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 843670420. It is classified under NTEE code A33.
How many years of IRS 990 filings does Reader Institute For Community Journalism Inc have?
Reader Institute For Community Journalism Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $4.5M in total revenue.
Filing History
IRS 990 filing history for Reader Institute For Community Journalism Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Reader Institute For Community Journalism Inc's revenue has grown by 1054.8%, moving from $291K to $3.4M. Total assets increased by 233.3% over the same period, from $174K to $581K. Total functional expenses rose by 3117.8%, from $117K to $3.8M. In its most recent filing year (2023), Reader Institute For Community Journalism Inc reported a deficit of $398K, with expenses exceeding revenue. The organization holds $635K in liabilities against $581K in assets (debt-to-asset ratio: 109.5%), resulting in net assets of $-54,953.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $3.8M | $581K | $635K | — | View 990 |
| 2022 | $2.7M | $2.8M | $578K | $236K | — | View 990 |
| 2021 | $1.1M | $860K | $419K | $28K | — | View 990 |
| 2020 | $291K | $117K | $174K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $3.8M, and assets of $581K (revenue +23.0% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.8M, and assets of $578K (revenue +153.1% year-over-year).
- 2021: Revenue of $1.1M, expenses of $860K, and assets of $419K (revenue +271.0% year-over-year).
- 2020: Revenue of $291K, expenses of $117K, and assets of $174K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reader Institute For Community Journalism Inc:
Data Sources and Methodology
This transparency report for Reader Institute For Community Journalism 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.