Reading Results
Reading Results shows fluctuating financial performance with recent expenses exceeding revenue, but maintains low liabilities and no officer compensation.
EIN: 201760894 · Portland, OR · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.0M |
| Program Spending | 85% |
| Net Assets | $616K |
| Transparency Score | 85/100 |
Is Reading Results Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Reading Results directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Reading Results
Reading Results (EIN: 201760894) is a nonprofit organization based in Portland, OR. The organization reported total revenue of $1.6M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reading Results's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reading Results is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $861K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-155,938 |
| Total Assets | $644K |
| Total Liabilities | $28K |
| Net Assets | $616K |
| Operating Margin | -18.1% |
| Debt-to-Asset Ratio | 4.3% |
| Months of Reserves | 7.6 months |
Financial Health Grade: B
In 2023, Reading Results reported a deficit of $156K with expenses exceeding revenue, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Reading Results's revenue has grown at a compound annual growth rate (CAGR) of 9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.9% | +24.8% | -19.5% |
| 2022 | +71.4% | +20.7% | +22.3% |
| 2021 | -11.8% | -11.0% | +9.1% |
| 2020 | -19.6% | -12.8% | -8.4% |
| 2019 | +9.0% | +5.4% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Reading Results with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Reading Results allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $156K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive indicator, suggesting that all funds are directed towards the organization's mission and operational costs, rather than executive salaries.
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 Reading Results's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (202306) by $155,938, continuing a pattern seen in several prior years.
- Significant fluctuation in revenue and expenses year-over-year, making long-term financial planning potentially challenging.
Strengths
The following positive indicators were identified for Reading Results:
- Consistent reporting of 0% officer compensation across all 13 filings, indicating strong financial stewardship and mission focus.
- Generally low liabilities, suggesting responsible debt management.
- Maintained a healthy asset base relative to its operational size, providing financial resilience.
Frequently Asked Questions about Reading Results
Is Reading Results a legitimate charity?
Reading Results (EIN: 201760894) is a registered tax-exempt nonprofit based in Oregon. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.6M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Reading Results spend its money?
Reading Results directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Reading Results tax-deductible?
Reading Results is registered as a tax-exempt nonprofit (EIN: 201760894). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Reading Results's spending goes to programs?
Reading Results directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Reading Results located?
Reading Results is headquartered in Portland, Oregon and files with the IRS under EIN 201760894.
How many years of IRS 990 filings does Reading Results have?
Reading Results 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 $1.6M in total revenue.
Is Reading Results financially stable given recent expense overruns?
While the 202306 filing shows expenses exceeding revenue by $155,938, the organization has a history of both surpluses and deficits. Its asset base of $643,634 in 202306, combined with low liabilities, suggests it has reserves to manage these fluctuations, but consistent deficits could be a concern long-term.
How does the lack of officer compensation impact the organization?
The 0% officer compensation reported across all filings is a significant strength, indicating that the organization is highly efficient in directing its financial resources towards its mission rather than executive salaries. This enhances donor trust and maximizes programmatic impact.
What caused the significant increase in liabilities in 202106?
In 202106, liabilities increased to $129,253 from $19,020 in 202006. Without further detail from the 990, the specific cause is unknown, but it's a notable spike compared to other periods where liabilities were consistently low.
Filing History
IRS 990 filing history for Reading Results showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Reading Results's revenue has grown by 200.1%, moving from $287K to $861K. Total assets increased by 230.8% over the same period, from $195K to $644K. Total functional expenses rose by 386.5%, from $209K to $1.0M. In its most recent filing year (2023), Reading Results reported a deficit of $156K, with expenses exceeding revenue. The organization holds $28K in liabilities against $644K in assets (debt-to-asset ratio: 4.3%), resulting in net assets of $616K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $861K | $1.0M | $644K | $28K | — | — |
| 2022 | $1.1M | $815K | $799K | $28K | — | View 990 |
| 2021 | $620K | $675K | $654K | $129K | — | View 990 |
| 2020 | $702K | $758K | $599K | $19K | — | View 990 |
| 2019 | $874K | $870K | $654K | $18K | — | View 990 |
| 2018 | $801K | $825K | $649K | $17K | — | View 990 |
| 2017 | $708K | $962K | $686K | $30K | — | View 990 |
| 2016 | $1.1M | $740K | $931K | $22K | — | View 990 |
| 2015 | $783K | $631K | $534K | $22K | — | View 990 |
| 2014 | $395K | $504K | $375K | $16K | — | View 990 |
| 2013 | $439K | $357K | $492K | $23K | — | View 990 |
| 2012 | $475K | $307K | $411K | $23K | — | View 990 |
| 2011 | $287K | $209K | $195K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $861K, expenses of $1.0M, and assets of $644K (revenue -18.9% year-over-year).
- 2022: Revenue of $1.1M, expenses of $815K, and assets of $799K (revenue +71.4% year-over-year).
- 2021: Revenue of $620K, expenses of $675K, and assets of $654K (revenue -11.8% year-over-year).
- 2020: Revenue of $702K, expenses of $758K, and assets of $599K (revenue -19.6% year-over-year).
- 2019: Revenue of $874K, expenses of $870K, and assets of $654K (revenue +9.0% year-over-year).
- 2018: Revenue of $801K, expenses of $825K, and assets of $649K (revenue +13.1% year-over-year).
- 2017: Revenue of $708K, expenses of $962K, and assets of $686K (revenue -37.8% year-over-year).
- 2016: Revenue of $1.1M, expenses of $740K, and assets of $931K (revenue +45.3% year-over-year).
- 2015: Revenue of $783K, expenses of $631K, and assets of $534K (revenue +98.5% year-over-year).
- 2014: Revenue of $395K, expenses of $504K, and assets of $375K (revenue -10.0% year-over-year).
- 2013: Revenue of $439K, expenses of $357K, and assets of $492K (revenue -7.6% year-over-year).
- 2012: Revenue of $475K, expenses of $307K, and assets of $411K (revenue +65.4% year-over-year).
- 2011: Revenue of $287K, expenses of $209K, and assets of $195K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reading Results:
Data Sources and Methodology
This transparency report for Reading Results 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.