Charity Search / READ TO SUCCEED ASHEVILLE
Education (B92) IRS Verified DX Registered 990 on File

READ TO SUCCEED ASHEVILLE

EIN: 27-2581580 · ASHEVILLE, NC 28806-4171 · United States · FY 2025 Data
3 out of 5 55 / 100 Based on 2+ years of filings
Financial strength (30%) 80/100
Reliability (20%) 50/100
Effectiveness (25%) 83/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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Mission Statement

Read to Succeed Asheville (R2S) is an all-volunteer nonprofit dedicated to narrowing the achievement gap in Asheville City and Buncombe County Schools. We provide in-school tutoring and mentoring to students Kindergarten through 4th grade who are at-risk for failure-to-read, most of whom live in public housing. R2S has only one goal: to enable low-income students, ages 5 through 9, to gain grade level in reading by the fourth grade. To accomplish this goal, our volunteers (1) attend 40-hours of multi-sensory phonics training (Orten-Gillingham), (2) participate in 6-hours of practicum, (3) pass a final exam plus practicum observation, and, (5) agree to work with a student until s(he) is at reading level or in the fourth grade. Our 115 tutors and reading buddies work in all five Asheville elementary schools and currently two Buncombe County elementary schools. Currently, all our current schools have waiting lists for our tutoring services, and we have requests from two additional schools to expand our program to serve their children . We have no problem recruiting volunteers, but we must raise sufficient funds to provide our volunteers with the highest quality training possible. With only one part-time employee, we must pay Orten-Gillingham certified trainers to conduct our training sessions. Training is by far our largest budget item and this request for $5,000 would help support this crucial component of our project.

Financial Overview — FY 2025
$592K
Total Revenue
$524K
Total Expenses
$124K
Net Assets
10
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 71.0%
Fundraising Efficiency N/A
Operating Reserve 2.85x
Liability-to-Asset 0.7%
Revenue Diversification 100.0%
Executive Compensation $284K
Compared with Peers
FY 2025
Compared with 10,291 similar organizations (United States, Education, $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
71.0% 89.6%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
22.9% 7.5%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
6.2% 0.0%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
2.9 mo 9.1 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
0.7% 0.1%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
100.0% 87.8%
P10P90
Bottom quarter
Surplus margin
Surplus as a share of revenue
11.5% 3.1%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $592K $524K $124K 71.0% 10
2023 $451K $469K $61K 78.4% 4
2022 $382K $344K N/A — 4
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Organization Details
EIN
27-2581580
State
NC
City
ASHEVILLE
ZIP
28806-4171
Classification
B92
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
2011
Foundation Code
15
Form 990
On File
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