Education
(B61Z)
IRS Verified
DX Registered
990 on File
READ FOR LITERACY INC
Financial strength (30%)
80/100
Reliability (20%)
55/100
Effectiveness (25%)
90/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Read for Literacy's mission is 1) to provide one-to-one tutoring and other literacy services to imrpove the literacy of Toledo area residents of all ages and 2) to serve as an advocate for the region's literacy needs.
Financial Overview — FY 2025
$443K
Total Revenue
$418K
Total Expenses
$900K
Net Assets
5
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
84.6%
Fundraising Efficiency
267.9%
Operating Reserve
25.86x
Liability-to-Asset
3.4%
Revenue Diversification
92.0%
Executive Compensation
$79K
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
|
84.6% | 89.6% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
6.9% | 7.5% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
8.4% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
267.9% | 1.3% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
25.9 mo | 9.1 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
3.4% | 0.1% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
92.0% | 87.8% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
30.2% | 6.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
6.0% | 7.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
5.6% | 3.1% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $443K | $418K | $900K | 84.6% | 5 |
| 2024 | $340K | $394K | $833K | 81.9% | 5 |
| 2023 | $415K | $416K | $780K | 70.6% | 5 |
| 2022 | $387K | $336K | $751K | 65.1% | 5 |
| 2021 | $305K | $258K | N/A | — | 6 |
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