The Reading 1 Foundation
Only null% goes to programs Strong reserves Declining revenue
The Reading 1 Foundation is a 501(c)(3) organization based in Chagrin Falls, Ohio, registered in 2001, with $73,546 in FY2024 revenue. CharityIndex grades it F.
114 Partridge Ln, Chagrin Falls, OH, 44022 EIN 34-7129352 Since 2001
Revenue (FY2024)
$74K
▼ 64.9% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$227K
Net assets
$3.6M
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 The Reading 1 Foundation— 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 rating191 mo reserves · -209% 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 The Reading 1 Foundation: 191 mo reserves · -209% 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 The Reading 1 Foundation— 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 The Reading 1 Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 114 Partridge Ln, Chagrin Falls, OH, 44022
- City
- Chagrin Falls
- State
- Ohio
- Subcategory
- Private Foundations
Financial trends
Revenue grew from -$109K (FY2019) to $74K (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $3.6M
Operating margin
-208.6%
Spent more than it raised in the latest fiscal year.
Total assets
$3.6M
Total liabilities
$0
Net assets
$3.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $73,546▼64.9% | $226,935▼13.3% | $3,610,658▲0.6% | $3,610,658▲0.6% | 990PF |
| 2023 | $209,821▼30.9% | $261,760▲207% | $3,590,436▲28.5% | $3,590,436▲28.5% | 990PF |
| 2022 | $303,717▲82.1% | $85,320▼46.9% | $2,794,641▲0.8% | $2,794,641▲0.8% | 990PF |
| 2021 | $166,761▲34.9% | $160,741▼34.1% | $2,773,278▼14.8% | $2,773,278▼14.8% | 990PF |
| 2020 | $123,623▲213% | $243,776▲79.7% | $3,254,818▲11.9% | $3,254,818▲11.9% | 990PF |
| 2019 | -$109,337 | $135,637 | $2,909,386 | $2,909,386 | 990PF |
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 The Reading 1 Foundation a legitimate nonprofit?
- Yes. The Reading 1 Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-7129352, based in Chagrin Falls, Ohio. Donations are tax-deductible.
- What is The Reading 1 Foundation's EIN?
- The Reading 1 Foundation's Employer Identification Number (EIN) is 34-7129352.
- How much revenue does The Reading 1 Foundation report?
- The Reading 1 Foundation reported $73,546 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does The Reading 1 Foundation have?
- CharityIndex grades The Reading 1 Foundation F, based on financial health (reserves and operating margin).
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Data for The Reading 1 Foundation (EIN 34-7129352) 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.