Reading & Math Inc
93% goes to programs $0 to raise $100 Thin reserves Growing revenue
Reading & Math Inc is a 501(c)(3) organization based in Minneapolis, Minnesota, registered in 2015, with $90,167,661 in FY2024 revenue. CharityIndex grades it B, and it directs about 93% of spending to programs.
1200 Washington Ave S Ste 310, Minneapolis, MN, 55415 EIN 47-2306902 Since 2015
Revenue (FY2024)
$90.2M
▼ 4.7% vs prior year
Education median: $200K
Expenses (FY2024)
$90.6M
Net assets
$3.3M
Employees
5,044
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 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating93% to programs · $0 to raise $100
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. For Reading & Math Inc: 93% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · -0% 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 Reading & Math Inc: 0 mo reserves · -0% margin earns a C on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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. For Reading & Math Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Reading & Math Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To transform lives while working to engage people in national service.
What they do
Healthy futures programs focus on strengthening communities and improving future outcomes. focused on supporting efforts to address substance use disorder or housing insecurity, americorps members serving with healthy futures programs make an incredible impact. during the 2024-25 program year, offerings included recovery corps & heading home corps. together, members supported 6,500 individuals and provided critical capacity building services for 180 organizations located in minnesota, illinois, and virginia.
Reading & math, inc. provides technical assistance for the delivery of reading corps, math corps and early learning corps to national replication partners, ensuring the proven model is implemented consistently and with fidelity across the country to achieve high impact results.
Contact & location
- Address
- 1200 Washington Ave S Ste 310, Minneapolis, MN, 55415
- City
- Minneapolis
- State
- Minnesota
- Category
- Education
- Subcategory
- Educational Services
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $159K (FY2014) to $90.2M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.8MNet assets $3.3M
Operating margin
-0.5%
Spent more than it raised in the latest fiscal year.
Total assets
$7.2M
Total liabilities
$3.8M
Net assets
$3.3M
Salaries & benefits
$26.2M
29% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $90,167,661▼4.7% | $90,589,982▼4.2% | $3,314,319▼11.3% | $7,161,155▼21.4% | 990 |
| 2023 | $94,657,595▲43.5% | $94,536,868▲44.4% | $3,736,640▲3.3% | $9,110,910▲13.5% | 990 |
| 2022 | $65,962,045▲31.5% | $65,458,575▲33.0% | $3,615,913▲16.2% | $8,024,234▲70.4% | 990 |
| 2021 | $50,180,193▲26.5% | $49,209,170▲26.5% | $3,112,443▲45.3% | $4,709,118▲23.6% | 990 |
| 2020 | $39,670,906▲34.1% | $38,885,721▲31.1% | $2,141,420▲57.9% | $3,810,758▲42.3% | 990 |
| 2019 | $29,580,023▼0.5% | $29,652,346▲2.3% | $1,356,235▼5.1% | $2,678,491▼16.1% | 990 |
| 2018 | $29,726,730▼1.7% | $28,994,753▼3.5% | $1,428,558▲105% | $3,191,030▲34.5% | 990 |
| 2017 | $30,244,505▲11.0% | $30,049,379▲11.1% | $696,581▲38.9% | $2,372,332▼13.6% | 990 |
| 2016 | $27,257,396▲17007% | $27,035,015▲34427% | $501,455▲519% | $2,746,933▲1809% | 990 |
| 2014 | $159,331 | $78,300 | $81,031 | $143,909 | 990EZ |
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.
Leadership & compensation (FY2024)
Highest-paid: Sadiann O'connor — $156,364 (0.17% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Sadiann O'connor | Managing Director/president | 40 | $156,364 |
| Valerie Mccullough | Chief Operating Officer/chief Financial Officer | 40 | $130,448 |
| Sherene Judeh | Chief Program Officer | 40 | $129,839 |
| Anne Sinclair | Chief Learning Officer | 40 | $117,895 |
| Audrey Miller | Sen Vp of Regional Leadership | 40 | $116,406 |
| Christine Fankhanel | Sen Dir of Mn Programs | 40 | $113,483 |
| Itzel Galindo | Exec Dir of Wi Programs | 40 | $108,297 |
| Chester Spellman | Director | 1 | — |
| David Mckoskey | Director | 1 | — |
| Heather Gibbs | Director (end 1/25) | 1 | — |
| Kate Kelly | Director | 1 | — |
| Kim Plahn | Chair (beg 10/24) | 2 | — |
| Linda Gilligan | Treasurer | 1 | — |
| Mary Beth Brody | Director | 1 | — |
| Mary Kurth | Director | 1 | — |
| Monte Amundson | Director | 1 | — |
| Nichole Dunn | Director | 1 | — |
| Robert Rumpza | Chair (end 10/24)/director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Regents of the University of Minnesota | Public Health Program Development | $339,886 |
| Korn Ferry (us) | Recruitment and Project Support | $294,582 |
| Cliftonlarsonallen LLP | Strategic Planning | $158,604 |
Grants received · $263.5M total
22 grants to Reading & Math Inc totaling $263.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Sentara Health | Behavioral health | 2024 | $100,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $75,000 |
| Serveminnesota | Americorps program | 2023 | $57,457,242 |
| Greater Watertown Community Health Foundation Inc | Wi reading corp (sy21-25 ongoing) | 2023 | $60,000 |
| Greater Watertown Community Health Foundation Inc | Wi reading corp (sy21-25 ongoing) | 2023 | $60,000 |
| Community Foundation For the Fox Valley Region Inc | B: education | 2023 | $20,000 |
| Serveminnesota | Americorps program | 2022 | $44,681,903 |
| Greater Watertown Community Health Foundation Inc | Wi reading corp (sy21-24 ongoing) | 2022 | $70,000 |
| Community Foundation For the Fox Valley Region Inc | Education | 2022 | $15,000 |
| Serveminnesota | Americorps program | 2021 | $36,525,539 |
| Silicon Valley Community Foundation | Education | 2021 | $51,251 |
| Greater Watertown Community Health Foundation Inc | Wi reading corps wusd dodeland | 2021 | $30,000 |
| Serveminnesota | Americorps program | 2020 | $31,065,401 |
| Greater Watertown Community Health Foundation Inc | Wi reading corps wusd dodeland | 2020 | $30,000 |
| The Miami Foundation Inc | Program support | 2020 | $11,000 |
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Frequently asked questions
- Is Reading & Math Inc a legitimate nonprofit?
- Yes. Reading & Math Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-2306902, based in Minneapolis, Minnesota. Donations are tax-deductible.
- What is Reading & Math Inc's EIN?
- Reading & Math Inc's Employer Identification Number (EIN) is 47-2306902.
- How much revenue does Reading & Math Inc report?
- Reading & Math Inc reported $90,167,661 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Reading & Math Inc's spending goes to programs?
- Reading & Math Inc spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Reading & Math Inc have?
- CharityIndex grades Reading & Math Inc B, based on program efficiency and fundraising cost.
- How much does Reading & Math Inc's highest-paid employee make?
- The highest reported compensation on Reading & Math Inc's latest Form 990 is $156,364, paid to Sadiann O'connor (Managing Director/president).
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Data for Reading & Math Inc (EIN 47-2306902) 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.