Reading Connections Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs
Reading Connections Inc is a 501(c)(3) organization based in Greensboro, North Carolina, registered in 1992, with $933,502 in FY2024 revenue. CharityIndex grades it C+.
415 N Edgeworth St Ste 130, Greensboro, NC, 27401 EIN 56-1726754 Since 1992
Revenue (FY2024)
$934K
▼ 3.4% vs prior year
Expenses (FY2024)
$1.2M
Net assets
$237K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 Reading Connections Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating2 mo reserves · -24% 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 Connections Inc: 2 mo reserves · -24% margin earns a C+ 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 Reading Connections 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 Reading Connections Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 415 N Edgeworth St Ste 130, Greensboro, NC, 27401
- City
- Greensboro
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $539K (FY2013) to $934K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $227KNet assets $237K
Operating margin
-24.0%
Spent more than it raised in the latest fiscal year.
Total assets
$464K
Total liabilities
$227K
Net assets
$237K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $933,502▼3.4% | $1,157,790▼2.1% | $236,813▼48.6% | $463,683▼37.0% | 990 |
| 2023 | $966,781▲12.6% | $1,182,533▲35.5% | $461,101▼30.8% | $736,533▲3.7% | 990 |
| 2022 | $858,970▼2.0% | $872,509▲8.2% | $666,453▼0.6% | $709,958▲3.4% | 990 |
| 2021 | $876,169▲15.1% | $806,333▼3.9% | $670,731▲7.2% | $686,561▼11.5% | 990 |
| 2020 | $760,969▼6.1% | $839,136▲0.4% | $625,679▼7.0% | $775,714▼5.4% | 990 |
| 2019 | $809,974▼4.5% | $835,805▲6.0% | $672,972▼3.7% | $820,416▲16.0% | 990 |
| 2018 | $848,006▲9.1% | $788,725▲9.7% | $699,122▲9.8% | $706,970▲8.9% | 990 |
| 2017 | $777,474▲11.0% | $719,174▲16.6% | $636,489▲11.4% | $649,111▲11.0% | 990 |
| 2016 | $700,418▲27.7% | $616,886▲8.1% | $571,299▲19.8% | $584,891▲20.0% | 990 |
| 2015 | $548,626▼5.1% | $570,580▲8.3% | $476,983▼5.5% | $487,438▼5.5% | 990 |
| 2014 | $578,400▲7.3% | $526,822▼13.4% | $504,748▲11.3% | $516,065▲12.5% | 990 |
| 2013 | $539,199 | $608,414▼3.2% | $453,401▼10.9% | $458,573▼12.2% | 990 |
| 2012 | — | $628,826▲0.4% | $509,045▼1.8% | $522,513▼4.0% | 990 |
| 2011 | — | $626,610▲6.3% | $518,276▲1.3% | $544,374▲2.1% | 990 |
| 2010 | — | $589,249 | $511,749 | $533,025 | 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 · $643K total
23 grants to Reading Connections Inc totaling $643K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Foundation of Greater Greensboro Inc | General support | 2024 | $106,656 |
| Islamic Relief USA | Self-sufficiency and self-advocacy through education | 2024 | $50,000 |
| Islamic Relief USA | Dg23-39 - self-sufficiency and self-advocacy through education | 2024 | $50,000 |
| American Online Giving Foundation Inc | General support | 2024 | $15,168 |
| The Blackbaud Giving Fund | General support | 2024 | $7,000 |
| The Moses H Cone Memorial Hospital Operating Corporation | Education and advocacy | 2023 | $65,000 |
| Islamic Relief USA | Reading connections, inc. self-sufficiency and self-advocacy through education | 2023 | $60,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $6,660 |
| Islamic Relief USA | Self-sufficiency & self-advoca through education | 2022 | $60,000 |
| The Blackbaud Giving Fund | General support | 2022 | $23,710 |
| The Moses H Cone Memorial Hospital Operating Corporation | Education and advocacy | 2022 | $15,000 |
| The Moses H Cone Memorial Hospital Operating Corporation | Sponsorship literacy support | 2021 | $15,000 |
| Islamic Relief USA | Bridge grant: to develop a diverse youth leadership mentoring program seeded in the constructive training of participating adult mentors | 2020 | $25,000 |
| Islamic Relief USA | 2020 covid-19 | 2020 | $12,000 |
| The Moses H Cone Memorial Hospital Operating Corporation | Sponsorship literacy support | 2020 | $10,000 |
Frequently asked questions
- Is Reading Connections Inc a legitimate nonprofit?
- Yes. Reading Connections Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-1726754, based in Greensboro, North Carolina. Donations are tax-deductible.
- What is Reading Connections Inc's EIN?
- Reading Connections Inc's Employer Identification Number (EIN) is 56-1726754.
- How much revenue does Reading Connections Inc report?
- Reading Connections Inc reported $933,502 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Reading Connections Inc have?
- CharityIndex grades Reading Connections Inc C+, based on financial health (reserves and operating margin).
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Data for Reading Connections Inc (EIN 56-1726754) 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.