Reading for Change

Nonprofit profile at a glance

EIN
474043315
IRS 990-EZ coverage
2021–2023
Forms available
Form 990 2015, Form 990-EZ 2023, Form 990-N 2020
Location
Troy, OH, USA
Phone
9372398350
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Youth Development Programs

Official website

Reported finances

Revenue
$82,206
Expenses
$57,146
Assets
$46,032

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • CHRIS GARRITY (PRESIDENT)

People named in this filing

  • CHRIS GARRITY (PRESIDENT)
  • ALISON MARTIN (VICE PRESIDE)
  • ETHAN MARTIN (SECRETARY)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Reading for change is a safe place where students are provided free literacy tutoring, homework help, a nutritious snack, love and encouragement.

What it reported doing in 2023

Providing reading growth in both fluency and comprehension, and equip students with the skills and strategies needed to successfully engage in school, home, and future work environment.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 82
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.1%; rating input score 66
  • Program expense ratio: 95%; rating input score 95

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 30.5%; rating input score 82; 82nd percentile among comparable filings
  • Total-asset coverage ratio: 0.81; rating input score 40; 40th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 15.6% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 13.1% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 14.8% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: 66.1% of revenue deployed · 95% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $54K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2021 to 2023
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.