Charity Search / READING TEAM INC
Human Services (P30) IRS Verified DX Registered 990 on File

READING TEAM INC

EIN: 13-4125884 · NEW YORK, NY 10037-2602 · United States · FY 2025 Data
3 out of 5 57 / 100 Based on 2+ years of filings
Financial strength (30%) 74/100
Reliability (20%) 55/100
Effectiveness (25%) 97/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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CharityAI™ Score
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Mission Statement

The Reading Team, a Harlem, NYC-based nonprofit organization, is dedicated to enabling young children who are at high risk of reading failure to become strong and enthusiastic readers, writers, listeners, and speakers and to develop the skills, habits, and behaviors that will support their success in school and in life.

Financial Overview — FY 2025
$704K
Total Revenue
$878K
Total Expenses
$207K
Net Assets
42
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 79.4%
Fundraising Efficiency 198.9%
Operating Reserve 2.83x
Liability-to-Asset 50.4%
Revenue Diversification 93.8%
Executive Compensation $92K
Compared with Peers
FY 2025
Compared with 7,718 similar organizations (United States, Human Services, $100K–$1M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
79.4% 87.1%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
10.6% 9.8%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
10.1% 0.0%
P10P90
Bottom quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
198.9% 11.2%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
2.8 mo 8.7 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
50.4% 1.1%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
93.8% 95.9%
P10P90
Above median
Revenue growth
Year over year revenue growth
16.7% 5.6%
P10P90
Expense growth
Year over year expense growth
-5.2% 6.5%
P10P90
Surplus margin
Surplus as a share of revenue
-24.6% 2.4%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $704K $878K $207K 79.4% 42
2024 $603K $926K $380K 80.0% 37
2023 $1.1M $860K $703K 79.4% 28
2022 $741K $781K N/A 18
2021 $811K $707K N/A 25
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Organization Details
EIN
13-4125884
State
NY
City
NEW YORK
ZIP
10037-2602
Classification
P30
Category
Human Services
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
2000
Foundation Code
15
Form 990
On File
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