Worldreader Org
EIN: 272092468 · Seattle, WA · NTEE: Q33
| Metric | Value |
|---|---|
| Total Revenue | $6.8M |
| Total Expenses | $8.4M |
| Net Assets | $6.6M |
Is Worldreader Org Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Worldreader Org
Worldreader Org (EIN: 272092468) is a nonprofit organization based in Seattle, WA, classified under NTEE code Q33. The organization reported total revenue of $6.8M and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Worldreader Org's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Worldreader Org is a mid-size nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 28.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $8.4M |
| Surplus / Deficit | $-3,424,441 |
| Total Assets | $8.9M |
| Total Liabilities | $2.4M |
| Net Assets | $6.6M |
| Operating Margin | -68.4% |
| Debt-to-Asset Ratio | 26.6% |
| Months of Reserves | 12.7 months |
Financial Health Grade: B
In 2023, Worldreader Org reported a deficit of $3.4M with expenses exceeding revenue, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 26.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Worldreader Org's revenue has grown at a compound annual growth rate (CAGR) of 28.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.3% | +10.1% | -17.2% |
| 2022 | -24.6% | +12.2% | -9.5% |
| 2021 | +24.8% | +0.3% | +24.8% |
| 2020 | -15.2% | -16.7% | +2.8% |
| 2019 | -21.5% | -14.7% | +8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Worldreader Org 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 Worldreader Org 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 $3.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 26.6%.
Frequently Asked Questions about Worldreader Org
Is Worldreader Org a legitimate charity?
Worldreader Org (EIN: 272092468) is a registered tax-exempt nonprofit based in Washington. It has 14 years of IRS 990 filings on record. Total revenue: $6.8M. No red flags identified. Financial health grade: B.
How does Worldreader Org spend its money?
Worldreader Org reported $6.8M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Worldreader Org tax-deductible?
Worldreader Org is registered as a tax-exempt nonprofit (EIN: 272092468). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Worldreader Org located?
Worldreader Org is headquartered in Seattle, Washington and files with the IRS under EIN 272092468. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Worldreader Org have?
Worldreader Org has 14 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 $6.8M in total revenue.
Filing History
IRS 990 filing history for Worldreader Org showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Worldreader Org's revenue has grown by 2446.3%, moving from $197K to $5.0M. Total assets increased by 11523% over the same period, from $77K to $8.9M. Total functional expenses rose by 4023.3%, from $205K to $8.4M. In its most recent filing year (2023), Worldreader Org reported a deficit of $3.4M, with expenses exceeding revenue. The organization holds $2.4M in liabilities against $8.9M in assets (debt-to-asset ratio: 26.6%), resulting in net assets of $6.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $8.4M | $8.9M | $2.4M | — | — |
| 2022 | $6.8M | $7.7M | $10.8M | $802K | — | View 990 |
| 2021 | $9.0M | $6.8M | $11.9M | $1.1M | — | View 990 |
| 2020 | $7.2M | $6.8M | $9.5M | $900K | — | — |
| 2019 | $8.5M | $8.2M | $9.3M | $1.1M | — | View 990 |
| 2018 | $10.9M | $9.6M | $8.5M | $657K | — | View 990 |
| 2017 | $8.9M | $8.9M | $7.7M | $298K | — | — |
| 2016 | $8.8M | $8.8M | $7.7M | $279K | — | View 990 |
| 2015 | $12.1M | $7.8M | $7.5M | $167K | — | View 990 |
| 2014 | $5.9M | $3.8M | $3.2M | $102K | — | View 990 |
| 2013 | $3.4M | $3.8M | $973K | $45K | — | View 990 |
| 2012 | $3.7M | $2.8M | $1.3M | $3K | — | View 990 |
| 2011 | $1.1M | $683K | $364K | $0 | — | View 990 |
| 2010 | $197K | $205K | $77K | $85K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $8.4M, and assets of $8.9M (revenue -26.3% year-over-year).
- 2022: Revenue of $6.8M, expenses of $7.7M, and assets of $10.8M (revenue -24.6% year-over-year).
- 2021: Revenue of $9.0M, expenses of $6.8M, and assets of $11.9M (revenue +24.8% year-over-year).
- 2020: Revenue of $7.2M, expenses of $6.8M, and assets of $9.5M (revenue -15.2% year-over-year).
- 2019: Revenue of $8.5M, expenses of $8.2M, and assets of $9.3M (revenue -21.5% year-over-year).
- 2018: Revenue of $10.9M, expenses of $9.6M, and assets of $8.5M (revenue +21.4% year-over-year).
- 2017: Revenue of $8.9M, expenses of $8.9M, and assets of $7.7M (revenue +1.7% year-over-year).
- 2016: Revenue of $8.8M, expenses of $8.8M, and assets of $7.7M (revenue -27.3% year-over-year).
- 2015: Revenue of $12.1M, expenses of $7.8M, and assets of $7.5M (revenue +104.5% year-over-year).
- 2014: Revenue of $5.9M, expenses of $3.8M, and assets of $3.2M (revenue +74.8% year-over-year).
- 2013: Revenue of $3.4M, expenses of $3.8M, and assets of $973K (revenue -7.4% year-over-year).
- 2012: Revenue of $3.7M, expenses of $2.8M, and assets of $1.3M (revenue +234.0% year-over-year).
- 2011: Revenue of $1.1M, expenses of $683K, and assets of $364K (revenue +456.0% year-over-year).
- 2010: Revenue of $197K, expenses of $205K, and assets of $77K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Worldreader Org:
Data Sources and Methodology
This transparency report for Worldreader Org 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.