18 W Read St Inc
Only null% goes to programs Strong reserves Declining revenue
18 W Read St Inc is a 501(c)(3) organization based in Baltimore, Maryland, registered in 2009, with $86,220 in FY2023 revenue. CharityIndex grades it F.
2918 B Glenmore Ave, Baltimore, MD, 21214 EIN 27-1333313 Since 2009
Revenue (FY2023)
$86K
▲ 9.0% vs prior year
Housing median: $408K
Expenses (FY2023)
$180K
Net assets
$1.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for 18 W Read St Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating77 mo reserves · -109% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For 18 W Read St Inc: 77 mo reserves · -109% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for 18 W Read St Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For 18 W Read St Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 2918 B Glenmore Ave, Baltimore, MD, 21214
- City
- Baltimore
- State
- Maryland
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
Financial trends
Revenue declined from $112K (FY2013) to $86K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $167KNet assets $1.2M
Operating margin
-108.6%
Spent more than it raised in the latest fiscal year.
Total assets
$1.3M
Total liabilities
$167K
Net assets
$1.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $86,220▲9.0% | $179,850▲23.2% | $1,150,928▼7.5% | $1,317,807▼4.2% | 990 |
| 2022 | $79,128▼26.9% | $145,927▼18.4% | $1,244,558▼5.1% | $1,375,834▼2.3% | 990 |
| 2021 | $108,273▼2.0% | $178,831▲12.2% | $1,311,357▼4.2% | $1,408,543▼3.4% | 990 |
| 2020 | $110,476▼12.5% | $159,319▼8.1% | $1,368,825▼3.4% | $1,458,084▼2.0% | 990 |
| 2019 | $126,314▲7.3% | $173,307▲3.6% | $1,417,668▼3.2% | $1,488,594▼2.8% | 990 |
| 2018 | $117,703▲14.1% | $167,252▲0.3% | $1,464,661▼3.3% | $1,532,115▼2.3% | 990 |
| 2017 | $103,129▼12.5% | $166,736▲11.7% | $1,514,210▼4.0% | $1,568,576▼2.6% | 990 |
| 2016 | $117,799▼12.0% | $149,255▲1.0% | $1,577,817▼2.0% | $1,611,036▼2.5% | 990 |
| 2015 | $133,895▲24.5% | $147,721▼2.3% | $1,609,273▼0.9% | $1,652,706▼2.0% | 990 |
| 2014 | $107,542▼4.1% | $151,249▲10.6% | $1,623,099▼2.6% | $1,685,629▼2.1% | 990 |
| 2013 | $112,122 | $136,713▼2.8% | $1,666,806▼1.5% | $1,721,230▼1.7% | 990 |
| 2012 | — | $140,601 | $1,691,397 | $1,751,600 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is 18 W Read St Inc a legitimate nonprofit?
- Yes. 18 W Read St Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-1333313, based in Baltimore, Maryland. Donations are tax-deductible.
- What is 18 W Read St Inc's EIN?
- 18 W Read St Inc's Employer Identification Number (EIN) is 27-1333313.
- How much revenue does 18 W Read St Inc report?
- 18 W Read St Inc reported $86,220 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does 18 W Read St Inc have?
- CharityIndex grades 18 W Read St Inc F, based on financial health (reserves and operating margin).
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Data for 18 W Read St Inc (EIN 27-1333313) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.