Human Services
(P30)
IRS Verified
DX Registered
990 on File
READING TEAM INC
Financial strength (30%)
74/100
Reliability (20%)
55/100
Effectiveness (25%)
97/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
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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