Ethiopia Reads
Nonprofit profile at a glance
- EIN
- 943283038
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-EZ 2017
- Location
- Minneapolis, MN, USA
- Phone
- 6123542184
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $167,980
- Expenses
- $165,991
- Assets
- $300,851
- Liabilities
- $15,553
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Highest reported compensation
- SCOTT WOLF (OPERATIONS MANAGER): $27,430 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Ethiopia reads mission is to build a reading culture in ethiopia by connecting children with books, libraries, and trained librarians.
What it reported doing in 2024
See schedule o.alongside its established community-based reading hubs, including the gebeta children's community library in addis ababa, the hawassa reading center, and its donkey- and horse-powered mobile literacy programs, ethiopia reads continued to expand access to books, reading support, and child-friendly learning opportunities for children in urban, rural, and hard-to-reach communities. In 2025, these programs provided regular library and literacy services, summer camps, family literacy activities, tutoring, and reading-centered events that supported children's learning, creativity, and well-being.books and reading materials: ethiopia reads distributed large numbers of children's books through several channels in 2025. It delivered 9,360 bilingual storybooks to 78 schools in 14 woredas in tigray as part of conflict-recovery programming, and overall distributed more than 23,800 imported, reprinted, locally purchased, and braille books to schools, libraries, and other institutions nationwide. Ethiopia reads also launched ethiopia's first large-scale local publishing of board books for very young children, with 8 titles created, 20,000 copies planned and more than 6,500 completed by year end.professional development: ethiopia reads continued to strengthen the skills of librarians, teachers, school leaders, and education officials through professional development and peer-learning activities. In 2025, 174 educators participated in training and related capacity-building programs, including librarian discussion platforms, literacy-focused workshops, and training linked to school and conflict-recovery initiatives. These efforts helped improve library services, reading instruction, and the use of books and read-aloud practices in schools and communities.advocacy and field building: in april 2025, ethiopia reads convened its 5th annual national children's reading summit, bringing together more than 100 national and international participants from government, education, civil society, and development partners to advance dialogue on early literacy, parental involvement, and culturally responsive storytelling. Ethiopia reads also organized major children's reading festivals in hawassa and dire dawa, together engaging more than 2,500 participants and helping build public awareness and community support for reading.
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 64% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 90
- Transparency & Controls: 75
- Accountability: 74
- Sustainability: 43
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.1%; rating input score 91
- Program expense ratio: 91.9%; rating input score 92
- Fundraising efficiency: $60.2 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 0 of 8 controls in place; rating input score 0
- Claims monitoring procedures: Fail
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 1.2%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 1.81; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 16.5%; rating input score 23; 23rd percentile among comparable filings
Growth
- Program expense growth: -5.3% per year; rating input score 0; 16th percentile among comparable filings
- Revenue growth: -2.8% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: 9.1% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 91.1% of revenue deployed · 91.9% of spending went to programs
- Governance: 10 of 10 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $153K in reported program spending
- Leadership: top reported pay $27K · 11 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 4 filed schedules · includes major donors and foreign activity
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight: 8 of 8 not reported.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 42/100.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- High — Sustainability: Officer compensation ratio scored 23/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.