With a deep commitment to under-resourced communities, Readworks supports teacher instruction that builds the knowledge and vocabulary that drive students' reading comprehension.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 25 volunteers and 20 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $4K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$77K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
-3% vs prior year
Spent
$3.6M
To programs
83%
Net assets
$754K
By yearFY2020–FY2025
Revenue
$2.6M
FY2025▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6M
FY2021$3.0M
FY2022$1.9M
FY2023$4.6M
FY2024$2.7M
FY2025$2.6M
Expenses
$3.6M
FY2025▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$2.4M
FY2022$2.6M
FY2023$3.0M
FY2024$3.6M
FY2025$3.6M
Net assets
$754K
FY2025▼ -55%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.8M
FY2022$1.0M
FY2023$2.6M
FY2024$1.7M
FY2025$754K

From the FY2025 Form 990 (year ending August 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $2.9M Management & general 8% · $273K Fundraising 9% · $330K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$235,842Pt VII · Sec A
Chief Technology Officer
$190,261Pt VII · Sec A
Chief Academic Officer
$189,133Pt VII · Sec A
Senior Back End Engineer
$129,929Pt VII · Sec A
SR. Dir. Product Development
$126,907Pt VII · Sec A
Senior Data Engineer
$115,088Pt VII · Sec A
Dir. Marketing & Engagement
$114,740Pt VII · Sec A
Senior Quantitative Researcher
$110,962Pt VII · Sec A

Terry Bowman’s $236K as Executive Director is at the 89th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Terry Bowman$235,842$235,842$279,043$207,563$226,000$228,000
Cameron Swaim$190,261$190,261$174,120$142,235$143,475$141,445
Susanne Nobles$189,133$189,133$181,439$139,106$142,973—
Kathy Bloomfield———$129,975$169,802$165,000
Justin Pagano————$150,086$142,800
Benjamin Nichols$129,929$129,929————
Jeffrey Fleishhacker$126,907$126,907———$110,000
Jeffrey David Fleishhacker——$124,140$111,877——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves reading comprehension and student achievement for American students.

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1 program · $2.9M · in their own filed words · FY2024
01

With a deep commitment to under-resourced communities, readworks supports teacher instruction that builds the knowledge and vocabulary that drive students' reading COMPREHENSION.READWORKS continues to focus on growing and improving our product to impact the millions of users we serve, based on data, the science of reading, and a deep…

$2.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Gifts and grantsLn 1h$2.4M
Fees for servicesLn 2g$198K
Investment incomeLn 3$40K
Money outPt IX
$3.6M
Ln 25
Programscol B$2.9M
Managementcol C$273K
Fundraisingcol D$330K
Owns and owesPt X
$754K
net assets · Ln 32
Cash and savingsLn 1–2$527K
Total assetsLn 16$830K
LiabilitiesLn 26$77K
PeoplePt VI, VII
19
listed · VII A
PaidVII A8
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Noncash giftsLn 1g$126K
Fees for servicesLn 2g$198K
Investment incomeLn 3$40K
Other incomeLn 4–11$11K
Gains on assetsLn 7$7K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$107K
SavingsLn 2$420K
Cash and savings togetherLn 1–2$527K
InvestmentsLn 11–13$258K
Land, buildings, equipmentLn 10c$8K
Total assetsLn 16$830K
LiabilitiesLn 26$77K
Net assetsLn 32$754K
OperationsPt I, VI
EmployeesI 520
VolunteersI 625
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.0M$527K
InvestmentsLn 11–13$244K$258K
Land, buildings, equipmentLn 10c$5K$8K
Total assetsLn 16$1.8M$830K
LiabilitiesLn 26$106K$77K
Net assetsLn 32$1.7M$754K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$673K$620K$17K$36K
Other salaries and wagesLn 7$1.5M$1.3M$84K$114K
Other employee benefitsLn 9$133K$116K$7K$10K
Payroll taxesLn 10$148K$131K$7K$10K
Other fees for servicesLn 11g$752K$542K$103K$106K
Office expensesLn 13$21K$3K$7K$12K
Information technologyLn 14$11K$11K$184$371
TravelLn 17$32K$9K$18K$5K
Conferences, conventions and meetingsLn 19$209K$171K$6K$32K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$17K$16K$333$668
Other expenses (24a–d)Ln 24$66K$47K$18K$1K
All other expensesLn 24e$5K$2K$1K$2K
Total functional expensesLn 25$3.6M$2.9M$273K$330K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.6M$3.6M−$915K$754K 990 PDF
FY2024 $2.7M$3.6M−$943K$1.7M 990 PDF
FY2023 $4.6M$3.0M$1.6M$2.6M 990 PDF
FY2022 $1.9M$2.6M−$727K$1.0M 990 PDF
FY2021 $3.0M$2.4M$608K$1.8M 990 PDF
FY2020 $2.6M$2.2M$359K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $2,637,036 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,418,513$2,387,598
I-9 Program service revenuePrior year $265,611$198,335
I-10 Investment incomePrior year $22,863$39,997
I-11 Other revenuePrior year $0$11,106
I-12 Total revenuePrior year $2,706,987$2,637,036
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,356,986$2,436,051
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,292,734$1,116,367
I-18 Total expensesPrior year $3,649,720$3,552,418
I-19 Revenue less expensesPrior year −$942,733−$915,382
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,637,036 across 8 lines filed
VIII-1f All other contributions, gifts and grants$2,387,598
VIII-1g Noncash contributions (included above)$126,349
VIII-1h Total contributions, gifts and grants$2,387,598
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $198,335$198,335
VIII-3 Investment incomeExcluded from tax $32,811$32,811
VIII-7 Net gain or loss on sales of assetsExcluded from tax $7,186$7,186
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $11,106$11,106
VIII-12 Total revenueRelated to mission $198,335 · Unrelated business $0 · Excluded from tax $51,103$2,637,036
Part IX · Statement of functional expenses $3,552,418 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $620,480 · Management $16,781 · Fundraising $35,960$673,221
IX-7 Other salaries and wagesPrograms $1,282,883 · Management $84,401 · Fundraising $114,236$1,481,520
IX-9 Other employee benefitsPrograms $115,980 · Management $7,239 · Fundraising $10,009$133,228
IX-10 Payroll taxesPrograms $130,696 · Management $7,017 · Fundraising $10,369$148,082
IX-11g Other fees for servicesPrograms $542,345 · Management $102,855 · Fundraising $106,467$751,667
IX-13 Office expensesPrograms $2,645 · Management $7,033 · Fundraising $11,795$21,473
IX-14 Information technologyPrograms $10,896 · Management $184 · Fundraising $371$11,451
IX-17 TravelPrograms $8,857 · Management $18,014 · Fundraising $5,051$31,922
IX-19 Conferences, conventions and meetingsPrograms $170,557 · Management $5,873 · Fundraising $32,168$208,598
IX-22 Depreciation, depletion and amortizationManagement $3,761$3,761
IX-23 InsurancePrograms $15,688 · Management $333 · Fundraising $668$16,689
IX-24 Other expenses (24a–d)Programs $46,555 · Management $18,164 · Fundraising $1,035$65,754
IX-24e All other expensesPrograms $1,671 · Management $1,474 · Fundraising $1,907$5,052
IX-25 Total functional expensesPrograms $2,949,253 · Management $273,129 · Fundraising $330,036$3,552,418
Part X · Balance sheet $830,260 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $42,112$107,362
X-2 Savings and temporary cash investmentsStart of year $982,524$419,820
X-3 Pledges and grants receivableStart of year $455,048$27,502
X-4 Accounts receivableStart of year $46,875$9,722
X-10c Land, buildings and equipment, netStart of year $5,236$7,693
X-11 Publicly traded securitiesStart of year $243,965$258,161
X-16 Total assetsStart of year $1,775,760$830,260
X-17 Accounts payable and accrued expensesStart of year $106,031$76,627
X-26 Total liabilitiesStart of year $106,031$76,627
X-27 Net assets without donor restrictionsStart of year $1,397,148$648,803
X-28 Net assets with donor restrictionsStart of year $272,581$104,830
X-32 Total net assets or fund balancesStart of year $1,669,729$753,633
X-33 Total liabilities and net assetsStart of year $1,775,760$830,260
Part XI · Reconciliation of net assets $753,633 net assets at year end
XI-1 Total revenue$2,637,036
XI-2 Total expenses$3,552,418
XI-3 Revenue less expenses−$915,382
XI-4 Net assets at start of year$1,669,729
XI-5 Net unrealized gains (losses) on investments−$714
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$753,633

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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