Readers 2 Leaders is a 501(c)(3) organization based in Dallas, Texas, registered in 2011, with $2,104,260 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$2.1M
▼ 22.2% vs prior year
Youth median: $163K
Expenses (FY2024)
$2.4M
Net assets
$2.0M
Employees
—
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 Readers 2 Leaders— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Readers 2 Leaders: 10 mo reserves · -12% margin earns a C+ on this criterion. See the exact thresholds →
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 Readers 2 Leaders— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Readers 2 Leaders: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $262K (FY2013) to $2.1M (FY2024) across 10 reported years.
Financial snapshot
Operating margin
-12.3%
Spent more than it raised in the latest fiscal year.
Total assets
$2.5M
Total liabilities
$539K
Net assets
$2.0M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,104,260▼22.2% | $2,363,708▼2.2% | $1,984,822▼11.6% | $2,524,136▼11.9% | 990 |
| 2023 | $2,704,069▲6.0% | $2,416,388▲11.3% | $2,244,270▲14.7% | $2,864,468▲7.2% | 990 |
| 2022 | $2,550,177▲8.4% | $2,171,855▲5.0% | $1,956,589▲24.0% | $2,672,056▲39.5% | 990 |
| 2021 | $2,352,330▲73.3% | $2,068,679▲45.1% | $1,578,267▲21.9% | $1,915,563▲6.8% | 990 |
| 2020 | $1,357,490▼26.6% | $1,425,289▲7.8% | $1,294,616▼5.0% | $1,793,536▼9.4% | 990 |
| 2019 | $1,848,311▲46.5% | $1,322,623▲47.4% | $1,362,415▲62.8% | $1,978,917▲132% | 990 |
| 2018 | $1,261,445▲29.7% | $897,130▲12.2% | $836,727▲77.1% | $853,479▲75.1% | 990 |
| 2017 | $972,468▲50.0% | $799,404▲24.5% | $472,412▲57.8% | $487,493▲62.2% | 990 |
| 2016 | $648,394▲147% | $642,036▲123% | $299,348▲182% | $300,526▲169% | 990 |
| 2013 | $262,035 | $288,102 | $106,137 | $111,655 | 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.
59 grants to Readers 2 Leaders totaling $2.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| United Way of Metropolitan Dallas Inc | Program ops cost | 2024 | $167,750 |
| Communities Foundation of Texas | This grant is designated for general support. | 2024 | $60,774 |
| The Dallas Foundation | General support | 2024 | $47,161 |
| Charities Aid Foundation America | Charitable donation | 2024 | $8,476 |
| United Way of Metropolitan Dallas Inc | Program ops cost | 2023 | $186,750 |
| Communities Foundation of Texas | This grant is designated for general support. | 2023 | $77,699 |
| The Dallas Foundation | General support | 2023 | $56,675 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $11,250 |
| Donor Advised Charitable Giving | Human services | 2023 | $8,000 |
| Charities Aid Foundation America | Charitable donation | 2023 | $5,668 |
| National Christian Charitable Foundation | Growth | 2023 | $5,500 |
| United Way of Metropolitan Dallas Inc | Program ops cost | 2022 | $143,500 |
| Communities Foundation of Texas | This grant is designated for general support. | 2022 | $71,133 |
| Texas Mutual Insurance Company | Generational learning | 2022 | $50,000 |
| The Dallas Foundation | General support | 2022 | $22,663 |
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Data for Readers 2 Leaders (EIN 90-0641325) 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.