Youth Development (O50) IRS Verified DX Registered 990 on File

MADISON READING PROJECT INC

EIN: 47-2077478 · MADISON, WI 53713-3219 · United States · FY 2024 Data

3 out of 5 50 / 100 Based on 2+ years of filings

Financial strength (30%) 65/100

Reliability (20%) 50/100

Effectiveness (25%) 83/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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Mission Statement

Madison Reading Project connects our community with free books and literacy resources to ignite a love for reading that reflects and affirms the unique identities of young readers.

Financial Overview — FY 2024

$958K

Total Revenue

$1.3M

Total Expenses

$946K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 70.7%

Fundraising Efficiency 1849.5%

Operating Reserve 8.84x

Liability-to-Asset 17.3%

Revenue Diversification 98.9%

Executive Compensation $185K

Compared with Peers

FY 2024

Compared with 1,314 similar organizations (United States, Youth Development, $1M–$10M in expenses), FY 2024.

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	70.7%	81.5%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	12.2%	11.7%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	17.1%	4.0%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	1849.5%	151.9%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	8.8 mo	11.3 mo	P10P90	Below median
Liabilities to assets Total liabilities / total assets · lower is better	17.3%	9.1%	P10P90	Below median
Revenue concentration Share of revenue from the largest source · lower is better	98.9%	89.1%	P10P90	Bottom quarter
Revenue growth Year over year revenue growth	-5.6%	9.0%	P10P90
Expense growth Year over year expense growth	21.4%	10.0%	P10P90
Surplus margin Surplus as a share of revenue	-34.0%	1.7%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$958K	$1.3M	$946K	70.7%	18
2023	$1.0M	$1.1M	$1.3M	71.3%	17
2022	$1.4M	$707K	$1.3M	70.2%	16
2021	$747K	$402K	N/A	—	10

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Organization Details

EIN: 47-2077478
State: WI
City: MADISON
ZIP: 53713-3219
Classification: O50
Category: Youth Development
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2014
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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