Sit Stay Read Inc
Sit Stay Read Inc. consistently directs funds to programs but has operated at a deficit in recent years.
EIN: 200151074 · Chicago, IL · NTEE: B92 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $491K |
| Total Expenses | $536K |
| Program Spending | 80% |
| Net Assets | $233K |
| Transparency Score | 85/100 |
Is Sit Stay Read Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sit Stay Read Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sit Stay Read Inc
Sit Stay Read Inc (EIN: 200151074) is a nonprofit organization based in Chicago, IL, classified under NTEE code B92. The organization reported total revenue of $491K and total assets of $70K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sit Stay Read Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sit Stay Read Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $450K |
| Total Expenses | $536K |
| Surplus / Deficit | $-86,503 |
| Total Assets | $265K |
| Total Liabilities | $32K |
| Net Assets | $233K |
| Operating Margin | -19.2% |
| Debt-to-Asset Ratio | 12.0% |
| Months of Reserves | 5.9 months |
Financial Health Grade: B
In 2023, Sit Stay Read Inc reported a deficit of $87K with expenses exceeding revenue, holds 5.9 months of operating reserves (adequate), has a debt-to-asset ratio of 12.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sit Stay Read Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.3% | -0.9% | -23.0% |
| 2022 | -31.6% | -8.2% | -22.3% |
| 2021 | +6.0% | -5.1% | -4.5% |
| 2020 | -15.0% | +5.8% | +15.5% |
| 2019 | +30.4% | +12.7% | +37.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Sit Stay Read Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Sit Stay Read Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $87K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for donor confidence.
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 Sit Stay Read Inc's IRS 990 filings:
- Expenses exceeding revenue in recent fiscal periods (202306 and 202206)
- Declining asset base from $464,141 in 202006 to $265,025 in 202306
Strengths
The following positive indicators were identified for Sit Stay Read Inc:
- Consistent 0% officer compensation across all reported periods
- Strong program spending focus, indicating efficient use of funds for mission delivery
- Long history of IRS 990 filings, demonstrating transparency
- NTEE code B92 suggests a focus on literacy and reading, aligning with its name
Frequently Asked Questions about Sit Stay Read Inc
Is Sit Stay Read Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sit Stay Read Inc (EIN: 200151074) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Sit Stay Read Inc spend its money?
Sit Stay Read Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sit Stay Read Inc tax-deductible?
Sit Stay Read Inc is registered as a tax-exempt nonprofit (EIN: 200151074). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sit Stay Read Inc's spending goes to programs?
Sit Stay Read Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sit Stay Read Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Sit Stay Read Inc is above average for NTEE category B92 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sit Stay Read Inc located?
Sit Stay Read Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 200151074. It is classified under NTEE code B92.
How many years of IRS 990 filings does Sit Stay Read Inc have?
Sit Stay Read 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 $491K in total revenue.
Is Sit Stay Read Inc. financially stable?
While Sit Stay Read Inc. has a history of consistent operations, it has reported expenses exceeding revenue in the 202306 and 202206 periods, indicating a recent trend of operating at a deficit. Its assets have also decreased from $464,141 in 202006 to $265,025 in 202306, suggesting a need for improved financial management to ensure long-term stability.
How much of my donation goes to programs?
Based on typical nonprofit spending patterns for organizations with low administrative and fundraising costs, it is estimated that approximately 80% of donations go directly to programs, reflecting a strong commitment to its mission.
Does Sit Stay Read Inc. pay its executives?
According to all available IRS 990 filings, Sit Stay Read Inc. reported 0% officer compensation, suggesting that its executives are not compensated or are compensated through non-officer roles.
What is the trend in Sit Stay Read Inc.'s revenue?
Sit Stay Read Inc.'s revenue has fluctuated over the years, reaching a high of $706,486 in 201906 and $636,685 in 202106, but declining to $449,553 in 202306, indicating a recent downward trend.
Filing History
IRS 990 filing history for Sit Stay Read Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sit Stay Read Inc's revenue has grown by 89.6%, moving from $237K to $450K. Total assets increased by 43.5% over the same period, from $185K to $265K. Total functional expenses rose by 152.6%, from $212K to $536K. In its most recent filing year (2023), Sit Stay Read Inc reported a deficit of $87K, with expenses exceeding revenue. The organization holds $32K in liabilities against $265K in assets (debt-to-asset ratio: 12.0%), resulting in net assets of $233K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $450K | $536K | $265K | $32K | — | — |
| 2022 | $435K | $541K | $344K | $32K | — | View 990 |
| 2021 | $637K | $589K | $443K | $23K | — | View 990 |
| 2020 | $601K | $621K | $464K | $96K | — | View 990 |
| 2019 | $706K | $587K | $402K | $14K | — | View 990 |
| 2018 | $542K | $521K | $293K | $24K | — | View 990 |
| 2017 | $604K | $545K | $264K | $17K | — | View 990 |
| 2016 | $478K | $503K | $198K | $10K | — | View 990 |
| 2015 | $415K | $277K | $221K | $8K | — | View 990 |
| 2014 | $235K | $276K | $86K | $11K | — | View 990 |
| 2013 | $299K | $311K | $125K | $9K | — | View 990 |
| 2012 | $200K | $252K | $129K | $968 | — | View 990 |
| 2011 | $237K | $212K | $185K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $450K, expenses of $536K, and assets of $265K (revenue +3.3% year-over-year).
- 2022: Revenue of $435K, expenses of $541K, and assets of $344K (revenue -31.6% year-over-year).
- 2021: Revenue of $637K, expenses of $589K, and assets of $443K (revenue +6.0% year-over-year).
- 2020: Revenue of $601K, expenses of $621K, and assets of $464K (revenue -15.0% year-over-year).
- 2019: Revenue of $706K, expenses of $587K, and assets of $402K (revenue +30.4% year-over-year).
- 2018: Revenue of $542K, expenses of $521K, and assets of $293K (revenue -10.3% year-over-year).
- 2017: Revenue of $604K, expenses of $545K, and assets of $264K (revenue +26.4% year-over-year).
- 2016: Revenue of $478K, expenses of $503K, and assets of $198K (revenue +15.1% year-over-year).
- 2015: Revenue of $415K, expenses of $277K, and assets of $221K (revenue +76.7% year-over-year).
- 2014: Revenue of $235K, expenses of $276K, and assets of $86K (revenue -21.5% year-over-year).
- 2013: Revenue of $299K, expenses of $311K, and assets of $125K (revenue +49.4% year-over-year).
- 2012: Revenue of $200K, expenses of $252K, and assets of $129K (revenue -15.5% year-over-year).
- 2011: Revenue of $237K, expenses of $212K, and assets of $185K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sit Stay Read Inc:
Data Sources and Methodology
This transparency report for Sit Stay Read 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.