Reading Clinic Inc
EIN: 273005008 · Hockessin, DE · NTEE: B92
| Metric | Value |
|---|---|
| Total Expenses | $60K |
| Net Assets | $2K |
Is Reading Clinic Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Reading Clinic Inc
Reading Clinic Inc (EIN: 273005008) is a nonprofit organization based in Hockessin, DE, classified under NTEE code B92. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reading Clinic Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reading Clinic Inc is a micro nonprofit that has been operating for 15 years, with 2 years of IRS 990 filings on record (2016–2017). Revenue has grown at a compound annual rate of 2.9%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $53K |
| Total Expenses | $60K |
| Surplus / Deficit | $-6,728 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | -12.7% |
| Months of Reserves | 0.5 months |
Financial Health Grade: C
In 2017, Reading Clinic Inc reported a deficit of $7K with expenses exceeding revenue, holds 0.5 months of operating reserves (limited).
Financial Trends
Over 2 years of filings (2016–2017), Reading Clinic Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +2.9% | +33.1% | -74.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Reading Clinic 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 Reading Clinic 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 (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
Frequently Asked Questions about Reading Clinic Inc
Is Reading Clinic Inc a legitimate charity?
Reading Clinic Inc (EIN: 273005008) is a registered tax-exempt nonprofit based in Delaware. It has 2 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Reading Clinic Inc spend its money?
Reading Clinic Inc reported its financials in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Reading Clinic Inc tax-deductible?
Reading Clinic Inc is registered as a tax-exempt nonprofit (EIN: 273005008). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Reading Clinic Inc located?
Reading Clinic Inc is headquartered in Hockessin, Delaware and files with the IRS under EIN 273005008. It is classified under NTEE code B92.
How many years of IRS 990 filings does Reading Clinic Inc have?
Reading Clinic Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Reading Clinic Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2016–2017), Reading Clinic Inc's revenue has grown by 2.9%, moving from $51K to $53K. Total assets decreased by 74.3% over the same period, from $9K to $2K. Total functional expenses rose by 33.1%, from $45K to $60K. In its most recent filing year (2017), Reading Clinic Inc reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $53K | $60K | $2K | $0 | — | — |
| 2016 | $51K | $45K | $9K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reading Clinic Inc:
Data Sources and Methodology
This transparency report for Reading Clinic 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.