Smart Reading
EIN: 931051724 · Portland, OR · NTEE: B210
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $4.7M |
| Net Assets | $6.3M |
Is Smart Reading Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Smart Reading
Smart Reading (EIN: 931051724) is a nonprofit organization based in Portland, OR, classified under NTEE code B210. The organization reported total revenue of $4.3M and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Smart Reading's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Smart Reading is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $4.7M |
| Surplus / Deficit | $-348,706 |
| Total Assets | $6.5M |
| Total Liabilities | $170K |
| Net Assets | $6.3M |
| Operating Margin | -8.0% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 16.5 months |
Financial Health Grade: B
In 2023, Smart Reading reported a deficit of $349K with expenses exceeding revenue, holds 16.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Smart Reading's revenue has grown at a compound annual growth rate (CAGR) of 8.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.2% | +26.1% | -1.9% |
| 2022 | -8.6% | +0.5% | -12.0% |
| 2021 | +22.6% | +3.3% | +26.0% |
| 2020 | -23.7% | -1.9% | -5.6% |
| 2019 | +3.1% | +6.9% | +13.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Smart Reading 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 Smart Reading 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 deficit of $349K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.6%.
Frequently Asked Questions about Smart Reading
Is Smart Reading a legitimate charity?
Based on AI analysis of IRS 990 filings, Smart Reading (EIN: 931051724) insufficient data. 0 red flags identified, 0 strengths noted.
How does Smart Reading spend its money?
Detailed spending breakdown data is not yet available for Smart Reading. Check back for updated IRS 990 analysis.
Are donations to Smart Reading tax-deductible?
Smart Reading is registered as a tax-exempt nonprofit (EIN: 931051724). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Smart Reading located?
Smart Reading is headquartered in Portland, Oregon and files with the IRS under EIN 931051724. It is classified under NTEE code B210.
How many years of IRS 990 filings does Smart Reading have?
Smart Reading 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 $4.3M in total revenue.
Filing History
IRS 990 filing history for Smart Reading showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Smart Reading's revenue has grown by 155.8%, moving from $1.7M to $4.4M. Total assets increased by 109.3% over the same period, from $3.1M to $6.5M. Total functional expenses rose by 109.5%, from $2.3M to $4.7M. In its most recent filing year (2023), Smart Reading reported a deficit of $349K, with expenses exceeding revenue. The organization holds $170K in liabilities against $6.5M in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $6.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $4.7M | $6.5M | $170K | — | View 990 |
| 2022 | $3.7M | $3.7M | $6.6M | $242K | — | View 990 |
| 2021 | $4.0M | $3.7M | $7.5M | $442K | — | View 990 |
| 2020 | $3.3M | $3.6M | $6.0M | $185K | — | View 990 |
| 2019 | $4.3M | $3.7M | $6.3M | $148K | — | View 990 |
| 2018 | $4.2M | $3.4M | $5.6M | $164K | — | View 990 |
| 2017 | $3.3M | $3.5M | $4.6M | $160K | — | View 990 |
| 2016 | $3.3M | $3.2M | $4.6M | $139K | — | View 990 |
| 2015 | $3.9M | $3.0M | $4.5M | $226K | — | View 990 |
| 2014 | $2.5M | $2.6M | $3.5M | $153K | — | View 990 |
| 2013 | $2.7M | $2.4M | $3.4M | $126K | — | View 990 |
| 2012 | $2.4M | $2.5M | $2.9M | $122K | — | View 990 |
| 2011 | $1.7M | $2.3M | $3.1M | $125K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $4.7M, and assets of $6.5M (revenue +19.2% year-over-year).
- 2022: Revenue of $3.7M, expenses of $3.7M, and assets of $6.6M (revenue -8.6% year-over-year).
- 2021: Revenue of $4.0M, expenses of $3.7M, and assets of $7.5M (revenue +22.6% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.6M, and assets of $6.0M (revenue -23.7% year-over-year).
- 2019: Revenue of $4.3M, expenses of $3.7M, and assets of $6.3M (revenue +3.1% year-over-year).
- 2018: Revenue of $4.2M, expenses of $3.4M, and assets of $5.6M (revenue +26.1% year-over-year).
- 2017: Revenue of $3.3M, expenses of $3.5M, and assets of $4.6M (revenue -1.0% year-over-year).
- 2016: Revenue of $3.3M, expenses of $3.2M, and assets of $4.6M (revenue -14.7% year-over-year).
- 2015: Revenue of $3.9M, expenses of $3.0M, and assets of $4.5M (revenue +57.2% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.6M, and assets of $3.5M (revenue -8.4% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.4M, and assets of $3.4M (revenue +14.9% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.5M, and assets of $2.9M (revenue +38.1% year-over-year).
- 2011: Revenue of $1.7M, expenses of $2.3M, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Smart Reading:
Data Sources and Methodology
This transparency report for Smart Reading 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.