Reading Allowed
EIN: 841834946 · Philadelphia, PA · NTEE: B92
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $1.5M |
| Net Assets | $549K |
Is Reading Allowed Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Reading Allowed
Reading Allowed (EIN: 841834946) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code B92. The organization reported total revenue of $2.4M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reading Allowed's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reading Allowed is a mid-size nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 67.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-106,738 |
| Total Assets | $586K |
| Total Liabilities | $38K |
| Net Assets | $549K |
| Operating Margin | -7.9% |
| Debt-to-Asset Ratio | 6.4% |
| Months of Reserves | 4.8 months |
Financial Health Grade: B
In 2023, Reading Allowed reported a deficit of $107K with expenses exceeding revenue, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 6.4% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Reading Allowed's revenue has grown at a compound annual growth rate (CAGR) of 67.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.6% | +42.6% | -13.3% |
| 2022 | +92.5% | +96.1% | +140.9% |
| 2021 | +153.1% | +120.2% | +306.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Reading Allowed 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 Reading Allowed 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 $107K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.4%.
Frequently Asked Questions about Reading Allowed
Is Reading Allowed a legitimate charity?
Based on AI analysis of IRS 990 filings, Reading Allowed (EIN: 841834946) insufficient data. 0 red flags identified, 0 strengths noted.
How does Reading Allowed spend its money?
Detailed spending breakdown data is not yet available for Reading Allowed. Check back for updated IRS 990 analysis.
Are donations to Reading Allowed tax-deductible?
Reading Allowed is registered as a tax-exempt nonprofit (EIN: 841834946). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Reading Allowed located?
Reading Allowed is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 841834946. It is classified under NTEE code B92.
How many years of IRS 990 filings does Reading Allowed have?
Reading Allowed 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 $2.4M in total revenue.
Filing History
IRS 990 filing history for Reading Allowed showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Reading Allowed's revenue has grown by 369.5%, moving from $289K to $1.4M. Total assets increased by 749.4% over the same period, from $69K to $586K. Total functional expenses rose by 515.9%, from $237K to $1.5M. In its most recent filing year (2023), Reading Allowed reported a deficit of $107K, with expenses exceeding revenue. The organization holds $38K in liabilities against $586K in assets (debt-to-asset ratio: 6.4%), resulting in net assets of $549K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.5M | $586K | $38K | — | — |
| 2022 | $1.4M | $1.0M | $676K | $21K | — | View 990 |
| 2021 | $731K | $523K | $281K | $7K | — | View 990 |
| 2020 | $289K | $237K | $69K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.5M, and assets of $586K (revenue -3.6% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.0M, and assets of $676K (revenue +92.5% year-over-year).
- 2021: Revenue of $731K, expenses of $523K, and assets of $281K (revenue +153.1% year-over-year).
- 2020: Revenue of $289K, expenses of $237K, and assets of $69K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reading Allowed:
Data Sources and Methodology
This transparency report for Reading Allowed 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.