Reading Results
Nonprofit profile at a glance
- EIN
- 201760894
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Portland, OR, USA
- Phone
- 5034778176
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,077,126
- Expenses
- $1,353,975
- Assets
- $753,036
- Liabilities
- $52,357
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Highest reported compensation
- JENNIFER SAMUELS (EXECUTIVE DI): $102,660 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Reading results partners with schools to support students from systemically excluded communities in becoming successful readers. We believe that literacy is a basic human right, and we work to increase access and break down barriers through supporting students with an effective, individualized, culturally-responsive reading intervention program. Reading by third grade is crucial to a child's educational development. Falling behind creates challenges that negatively impact a child's education and self-esteem for years to come. Reading results is committed to helping struggling learners get on the path toward academic success and a brighter future.
What it reported doing in 2024
Reading results sends teams of highly-trained tutors into public school sites to help students become proficient readers and achieve grade-level reading expectations. Reading results served over 1,000 students and partnered with 27 specific schools to provide this literacy support. Our highly-trained tutors (ranging from licensed retired teachers to parents and caregivers from the school communities we serve) deliver a culturally- responsive program designed to accelerate literacy and foster an academic mindset. Tutors meet 1:1 or 1:2 with strugging readers for 30 minutes, 3 times each week, throughout the school year. On average, students enrolled in reading results make 1.5 years of growth on standardized assessments.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 22
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 85.1%; rating input score 85
- Fundraising efficiency: $4.7 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- 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: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -25.7%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0.56; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 48; 48th percentile among comparable filings
- Officer compensation ratio: 7.6%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: 7.1% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: 5.9% per year; rating input score 100; 49th percentile among comparable filings
- Asset growth: 4.1% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 85.1% of spending went to programs
- Governance: 7 of 7 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.2M in reported program spending
- Leadership: top reported pay $103K · 8 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 13 filing years from 2011 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 — Financial Efficiency: Fundraising efficiency scored 16/100.
- High — Sustainability: Operating margin scored 7/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- Moderate — Sustainability: Officer compensation ratio scored 45/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 48/100.