Readwest Inc
EIN: 850381570 · Rio Rancho, NM · NTEE: B92
| Metric | Value |
|---|---|
| Total Revenue | $186K |
| Total Expenses | $189K |
| Net Assets | $176K |
Is Readwest Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Readwest Inc
Readwest Inc (EIN: 850381570) is a nonprofit organization based in Rio Rancho, NM, classified under NTEE code B92. The organization reported total revenue of $186K and total assets of $143K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Readwest Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Readwest Inc is a small nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 14.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $225K |
| Total Expenses | $189K |
| Surplus / Deficit | +$36K |
| Total Assets | $176K |
| Net Assets | $176K |
| Operating Margin | 15.9% |
| Months of Reserves | 11.1 months |
Financial Health Grade: A
In 2023, Readwest Inc reported a surplus of $36K with revenue exceeding expenses, holds 11.1 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Readwest Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.7% | -6.0% | +25.5% |
| 2022 | -2.6% | +4.6% | -8.2% |
| 2021 | +113.1% | +63.6% | +169.1% |
| 2020 | +7.2% | -8.8% | +40.8% |
| 2019 | +4.5% | +14.6% | -32.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Readwest 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 Readwest 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 $36K, with revenue exceeding expenses.
Frequently Asked Questions about Readwest Inc
Is Readwest Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Readwest Inc (EIN: 850381570) insufficient data. 0 red flags identified, 0 strengths noted.
How does Readwest Inc spend its money?
Detailed spending breakdown data is not yet available for Readwest Inc. Check back for updated IRS 990 analysis.
Are donations to Readwest Inc tax-deductible?
Readwest Inc is registered as a tax-exempt nonprofit (EIN: 850381570). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Readwest Inc located?
Readwest Inc is headquartered in Rio Rancho, New Mexico and files with the IRS under EIN 850381570. It is classified under NTEE code B92.
How many years of IRS 990 filings does Readwest Inc have?
Readwest Inc has 12 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 $186K in total revenue.
Filing History
IRS 990 filing history for Readwest Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Readwest Inc's revenue has grown by 327%, moving from $53K to $225K. Total assets increased by 189.5% over the same period, from $61K to $176K. Total functional expenses rose by 182.1%, from $67K to $189K. In its most recent filing year (2023), Readwest Inc reported a surplus of $36K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $225K | $189K | $176K | $0 | — | View 990 |
| 2022 | $244K | $202K | $140K | $0 | — | View 990 |
| 2021 | $250K | $193K | $152K | $55K | — | View 990 |
| 2020 | $118K | $118K | $57K | $17K | — | — |
| 2019 | $110K | $129K | $40K | $213 | — | View 990 |
| 2018 | $105K | $113K | $60K | $71 | — | View 990 |
| 2017 | $102K | $95K | $67K | $0 | — | View 990 |
| 2016 | $101K | $92K | $59K | $0 | — | View 990 |
| 2015 | $89K | $83K | $51K | $726 | — | View 990 |
| 2014 | $71K | $81K | $45K | $726 | — | View 990 |
| 2013 | $66K | $72K | $55K | $726 | — | View 990 |
| 2012 | $53K | $67K | $61K | $274 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $225K, expenses of $189K, and assets of $176K (revenue -7.7% year-over-year).
- 2022: Revenue of $244K, expenses of $202K, and assets of $140K (revenue -2.6% year-over-year).
- 2021: Revenue of $250K, expenses of $193K, and assets of $152K (revenue +113.1% year-over-year).
- 2020: Revenue of $118K, expenses of $118K, and assets of $57K (revenue +7.2% year-over-year).
- 2019: Revenue of $110K, expenses of $129K, and assets of $40K (revenue +4.5% year-over-year).
- 2018: Revenue of $105K, expenses of $113K, and assets of $60K (revenue +2.9% year-over-year).
- 2017: Revenue of $102K, expenses of $95K, and assets of $67K (revenue +1.2% year-over-year).
- 2016: Revenue of $101K, expenses of $92K, and assets of $59K (revenue +12.7% year-over-year).
- 2015: Revenue of $89K, expenses of $83K, and assets of $51K (revenue +25.5% year-over-year).
- 2014: Revenue of $71K, expenses of $81K, and assets of $45K (revenue +8.3% year-over-year).
- 2013: Revenue of $66K, expenses of $72K, and assets of $55K (revenue +24.7% year-over-year).
- 2012: Revenue of $53K, expenses of $67K, and assets of $61K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Readwest Inc:
Data Sources and Methodology
This transparency report for Readwest 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.