Charity Search / READ FOUNDATION
Education (B99) IRS Verified DX Registered 990 on File

READ FOUNDATION

EIN: 94-3487601 · CORDOVA, TN 38018-8554 · United States · FY 2024 Data
3 out of 5 58 / 100 Based on 2+ years of filings
Financial strength (30%) 87/100
Reliability (20%) 50/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
Claim this Charity
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$26.9M
Total Revenue
$21.5M
Total Expenses
$15.9M
Net Assets
249
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 77.2%
Fundraising Efficiency N/A
Operating Reserve 8.85x
Liability-to-Asset 56.6%
Revenue Diversification 75.1%
Executive Compensation $161K
Compared with Peers
FY 2024
Compared with 1,943 similar organizations (United States, Education, $10M–$100M 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
77.2% 84.6%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
22.8% 13.3%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.7%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
8.9 mo 10.6 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
56.6% 31.2%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
75.1% 88.3%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
33.7% 7.9%
P10P90
Expense growth
Year over year expense growth
10.4% 7.4%
P10P90
Surplus margin
Surplus as a share of revenue
20.1% 3.0%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $26.9M $21.5M $15.9M 77.2% 249
2023 $20.1M $19.5M $10.5M 70.9% 251
2022 $16.0M $14.1M $9.8M 74.5% 194
2021 $16.5M $11.2M N/A 129
Donor Reviews
Write a Review
No reviews yet

Be the first to share your experience with this organization.


Write a Review
Minimum 20 characters
Reviews appear after moderation (usually within 24 hours)
Organization Details
EIN
94-3487601
State
TN
City
CORDOVA
ZIP
38018-8554
Classification
B99
Category
Education
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
Is this your organization?

Claim it to manage this profile, add your board, financials and impact metrics, and lift your CharityAI™ rating.

Claim this Charity
Back to Search New Search