Reading Is Power International Inc
EIN: 571110639 · Columbia, SC · NTEE: B92
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $18K |
| Net Assets | $43K |
Is Reading Is Power International 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 Is Power International Inc
Reading Is Power International Inc (EIN: 571110639) is a nonprofit organization based in Columbia, SC, classified under NTEE code B92. The organization reported total revenue of $2K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reading Is Power International Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reading Is Power International Inc is a micro nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 37.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19K |
| Total Expenses | $18K |
| Surplus / Deficit | +$733 |
| Total Assets | $43K |
| Net Assets | $43K |
| Operating Margin | 3.9% |
| Months of Reserves | 28.3 months |
Financial Health Grade: A
In 2023, Reading Is Power International Inc reported a surplus of $733 with revenue exceeding expenses, holds 28.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Reading Is Power International Inc's revenue has grown at a compound annual growth rate (CAGR) of 37.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +66.3% | +96.0% | +1.7% |
| 2022 | +315.4% | -63.0% | +5.2% |
| 2021 | +61.5% | +241.3% | -35.8% |
| 2020 | -88.3% | -30.0% | -8.3% |
| 2019 | +97.0% | +20896.0% | +6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Reading Is Power International 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 Is Power International 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 surplus of $733, with revenue exceeding expenses.
Frequently Asked Questions about Reading Is Power International Inc
Is Reading Is Power International Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Reading Is Power International Inc (EIN: 571110639) insufficient data. 0 red flags identified, 0 strengths noted.
How does Reading Is Power International Inc spend its money?
Detailed spending breakdown data is not yet available for Reading Is Power International Inc. Check back for updated IRS 990 analysis.
Are donations to Reading Is Power International Inc tax-deductible?
Reading Is Power International Inc is registered as a tax-exempt nonprofit (EIN: 571110639). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Reading Is Power International Inc located?
Reading Is Power International Inc is headquartered in Columbia, South Carolina and files with the IRS under EIN 571110639. It is classified under NTEE code B92.
How many years of IRS 990 filings does Reading Is Power International Inc have?
Reading Is Power International 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 $2K in total revenue.
Filing History
IRS 990 filing history for Reading Is Power International Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Reading Is Power International Inc's revenue has grown by 4515.4%, moving from $410 to $19K. Total assets increased by 85.9% over the same period, from $23K to $43K. Total functional expenses rose by 8730.1%, from $206 to $18K. In its most recent filing year (2023), Reading Is Power International Inc reported a surplus of $733, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19K | $18K | $43K | $0 | — | View 990 |
| 2022 | $11K | $9K | $42K | $0 | — | View 990 |
| 2021 | $3K | $25K | $40K | $0 | — | — |
| 2020 | $2K | $7K | $62K | $0 | — | — |
| 2019 | $15K | $10K | $68K | $0 | — | View 990 |
| 2018 | $7K | $50 | $64K | $0 | — | View 990 |
| 2017 | $7K | $50 | $57K | $0 | — | View 990 |
| 2016 | $6K | $50 | $50K | $0 | — | View 990 |
| 2015 | $4K | $50 | $44K | $0 | — | View 990 |
| 2014 | $6K | $50 | $40K | $0 | — | View 990 |
| 2013 | $6K | $50 | $34K | $0 | — | View 990 |
| 2012 | $5K | $50 | $28K | $0 | — | View 990 |
| 2011 | $410 | $206 | $23K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19K, expenses of $18K, and assets of $43K (revenue +66.3% year-over-year).
- 2022: Revenue of $11K, expenses of $9K, and assets of $42K (revenue +315.4% year-over-year).
- 2021: Revenue of $3K, expenses of $25K, and assets of $40K (revenue +61.5% year-over-year).
- 2020: Revenue of $2K, expenses of $7K, and assets of $62K (revenue -88.3% year-over-year).
- 2019: Revenue of $15K, expenses of $10K, and assets of $68K (revenue +97.0% year-over-year).
- 2018: Revenue of $7K, expenses of $50, and assets of $64K (revenue +13.4% year-over-year).
- 2017: Revenue of $7K, expenses of $50, and assets of $57K (revenue +7.9% year-over-year).
- 2016: Revenue of $6K, expenses of $50, and assets of $50K (revenue +49.2% year-over-year).
- 2015: Revenue of $4K, expenses of $50, and assets of $44K (revenue -33.8% year-over-year).
- 2014: Revenue of $6K, expenses of $50, and assets of $40K (revenue -3.3% year-over-year).
- 2013: Revenue of $6K, expenses of $50, and assets of $34K (revenue +26.4% year-over-year).
- 2012: Revenue of $5K, expenses of $50, and assets of $28K (revenue +1117.6% year-over-year).
- 2011: Revenue of $410, expenses of $206, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reading Is Power International Inc:
Data Sources and Methodology
This transparency report for Reading Is Power International 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.