Charity Search / READ TO SUCCEED INC
Education (B82) 990 on File

READ TO SUCCEED INC

EIN: 74-3236898 · HOPE, RI 02831-1108 · United States · FY 2025 Data
3 out of 5 57 / 100 Based on 2+ years of filings
Financial strength (30%) 90/100
Reliability (20%) 50/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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Financial Overview — FY 2025
$603K
Total Revenue
$653K
Total Expenses
$1.3M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 90.0%
Fundraising Efficiency N/A
Operating Reserve 23.07x
Liability-to-Asset 6.8%
Revenue Diversification 91.8%
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
90.0% 89.6%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
0.8% 7.5%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
9.2% 0.0%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
23.1 mo 9.1 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
6.8% 0.1%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
91.8% 87.8%
P10P90
Below median
Revenue growth
Year over year revenue growth
13.1% 6.3%
P10P90
Expense growth
Year over year expense growth
-6.3% 7.6%
P10P90
Surplus margin
Surplus as a share of revenue
-8.3% 3.1%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $603K $653K $1.3M 90.0% 0
2024 $534K $698K $1.3M 88.0% 0
2023 $460K $575K $1.5M 87.9% 0
2022 $439K $491K $1.6M 83.0% 0
2021 $877K $406K N/A 0
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Organization Details
EIN
74-3236898
State
RI
City
HOPE
ZIP
02831-1108
Classification
B82
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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