Read to Sydney Inc
Nonprofit profile at a glance
- EIN
- 454708156
- IRS 990-EZ coverage
- 2013–2025
- Forms available
- Form 990 2012, Form 990-EZ 2025, Form 990-N 2014
- Location
- Minneola, FL, USA
- Phone
- 4072478595
- Rating
- 41
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Animal Protection and Welfare
Reported finances
- Revenue
- $12,345
- Expenses
- $15,138
- Assets
- $1,658
- Liabilities
- $3,342
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
1 person listed
Executive titles in this filing
- WAYNE MURPHY (PRESIDENT)
People named in this filing
- WAYNE MURPHY (PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Helping children learn to read with pet aid & making children and adults aware of proper ways to care for pets
What it reported doing in 2025
We have helped children learn to read and taught them about animalswe have acomplished this in libraries, schools, etcthe number of children benefited: over 1,321
Operating model
- Revenue model
- Donor-supported. 70% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 8
- Transparency & Controls: 82
- Sustainability: 20
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 8.8%; rating input score 9
- Program expense ratio: 7.2%; rating input score 7
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -22.6%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 0.11; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: 2.02; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -10.6% per year; rating input score 0; 28th percentile among comparable filings
- Revenue growth: 4.6% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 11.3% per year; rating input score 100; 73rd percentile among comparable filings
Details
- Where the money goes: 8.8% of revenue deployed · 7.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $1K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 12 filing years from 2013 to 2025
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 9/100.
- High — Financial Efficiency: Program expense ratio scored 7/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 20/100.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.