Read For Literacy Inc
Only null% goes to programs Strong reserves
Read For Literacy Inc is a 501(c)(3) organization based in Toledo, Ohio, registered in 1986, with $442,734 in FY2024 revenue. CharityIndex grades it B.
325 N Michigan St, Toledo, OH, 43604 EIN 34-1516490 Since 1986
Revenue (FY2024)
$443K
▲ 30.2% vs prior year
Education median: $200K
Expenses (FY2024)
$418K
Net assets
$900K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Read For Literacy Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating26 mo reserves · +6% 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 Read For Literacy Inc: 26 mo reserves · +6% margin earns a A 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 Read For Literacy Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Read For Literacy Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 325 N Michigan St, Toledo, OH, 43604
- City
- Toledo
- State
- Ohio
- Category
- Education
- Subcategory
- Adult & Continuing Education
- Website
- …
Financial trends
Revenue held steady from $443K (FY2013) to $443K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $32KNet assets $900K
Operating margin
5.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$932K
Total liabilities
$32K
Net assets
$900K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $442,734▲30.2% | $417,827▲6.0% | $900,278▲8.1% | $932,257▲5.0% | 990 |
| 2023 | $339,921▼18.1% | $394,082▼5.2% | $832,536▲6.7% | $887,822▲4.5% | 990 |
| 2022 | $414,912▲7.3% | $415,793▲23.6% | $780,233▲3.9% | $849,502▲0.6% | 990 |
| 2021 | $386,599▲26.6% | $336,466▲30.5% | $751,091▼12.9% | $844,458▼5.2% | 990 |
| 2020 | $305,437▼24.9% | $257,746▼11.5% | $861,952▲13.5% | $891,098▲9.3% | 990 |
| 2019 | $406,568▲4.1% | $291,115▼13.3% | $759,708▲27.8% | $815,399▲32.4% | 990 |
| 2018 | $390,377▲12.7% | $335,753▼5.1% | $594,552▲9.0% | $615,943▲7.5% | 990 |
| 2017 | $346,406▼17.6% | $353,955▼18.9% | $545,670▲4.8% | $572,795▼0.3% | 990 |
| 2016 | $420,319▼7.1% | $436,505▼9.0% | $520,815▲2.5% | $574,570▲0.9% | 990 |
| 2015 | $452,458▼5.6% | $479,867▲2.4% | $508,319▼5.8% | $569,438▼0.7% | 990 |
| 2014 | $479,445▲8.3% | $468,676▲11.5% | $539,376▲0.2% | $573,446▼3.4% | 990 |
| 2013 | $442,588 | $420,454▲38.8% | $538,293▲4.8% | $593,836▲5.6% | 990 |
| 2012 | — | $302,921 | $513,805 | $562,411 | 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.
Grants received · $239K total
11 grants to Read For Literacy Inc totaling $239K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Toledo Community Foundation | Support for claires day, literacy education, matched gifts, and honor donations. | 2024 | $16,250 |
| Toledo Community Foundation | General support | 2023 | $11,700 |
| Toledo Community Foundation | Claire's day sponsorship, school visits, support of literacy education in the toledo community, general fund, creating young readers, annual support of claire's day and read for literacy | 2022 | $22,300 |
| Toledo Community Foundation | 20th year and training, general support, claire's day 2021 c.a.r.e. awards | 2021 | $33,500 |
| Toledo Community Foundation | General support and 2020 gift for claire's day and training | 2020 | $23,000 |
| Toledo Community Foundation | General support, claire's day 2019 - production and general fund gift 2 of 2 | 2019 | $18,000 |
| Toledo Community Foundation | 2018 toledo/maumee claire's day and general support | 2018 | $20,000 |
| Toledo Community Foundation | Claire's day 2017, general operations, creating young readers library & afterschool outreach | 2017 | $15,000 |
| Toledo Community Foundation | Cyr-creating family readers, general support, creation station "goes green" | 2016 | $20,000 |
| Toledo Community Foundation | $1000 - maumee schools creating young readers project; $8,500 - english as a second language and the creating family readers programs for the south toledo corridor, creating family readers | 2015 | $19,750 |
| Toledo Community Foundation | Read for literacy/claire's day strategic alliance partnership, $6,500-1) adult esl at adelante; 2) creating young readers parent night for walbridge families at adelante; and 3) creating young readers preschool program at adalente. $1,000 - creating young readers program at maumee, read for literacy/claire's day strategic alliance partnership | 2014 | $39,771 |
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Frequently asked questions
- Is Read For Literacy Inc a legitimate nonprofit?
- Yes. Read For Literacy Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-1516490, based in Toledo, Ohio. Donations are tax-deductible.
- What is Read For Literacy Inc's EIN?
- Read For Literacy Inc's Employer Identification Number (EIN) is 34-1516490.
- How much revenue does Read For Literacy Inc report?
- Read For Literacy Inc reported $442,734 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Read For Literacy Inc have?
- CharityIndex grades Read For Literacy Inc B, based on financial health (reserves and operating margin).
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Data for Read For Literacy Inc (EIN 34-1516490) 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.