Every Child Can Read INC

Richmond, IN · Public charity (501(c)(3)) · Education

✓ Tax-deductible
Revenue
$173K
-48% vs prior year
Spent
$177K
To programs
92%
Net assets
$329K
By yearFY2020–FY2024
Revenue
$173K
FY2024▼ -48%
Revenue by fiscal year
FY2020$192K
FY2021$398K
FY2022$489K
FY2023$330K
FY2024$173K
Expenses
$177K
FY2024▼ -50%
Expenses by fiscal year
FY2020$153K
FY2021$286K
FY2022$399K
FY2023$357K
FY2024$177K
Net assets
$329K
FY2024▼ -1%
Net assets by fiscal year
FY2020$158K
FY2021$269K
FY2022$359K
FY2023$333K
FY2024$329K

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CEvery Child Can Read INC
EINHdr · item D26-4389859
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 2009
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CRichmond, IN
NTEE classificationIRS BMFEducation (B92)
WebsiteHdr · item Jwww.everychildcanread.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$163K
Management & general8%$14K
Total functional expensesLn 25$177K

Financial health

Is it on solid ground?

Program efficiency
92%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
22.5mo
months of highly liquid reserves at operating expense rate▲ +101% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▲ +72% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$331K
FY2024▼ -0.9%
Total assets by fiscal year
FY2020$180K
FY2021$270K
FY2022$360K
FY2023$334K
FY2024$331K
Total liabilities
$2K
FY2024▲ +56%
Total liabilities by fiscal year
FY2020$23K
FY2021$805
FY2022$1K
FY2023$1K
FY2024$2K
Revenue less expensesPt I · Ln 19−$4K
Total assetsPt X · Ln 16$331K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Balance Sheet

Part X · end of year
CashLn 1$331K
Total assetsLn 16$331K
Total liabilitiesLn 26$2K
Total net assetsLn 32$329K
Months of cash on handcomputed22.5

Statement of Revenue

Part VIII
Contributions & grants$154K · 89%
Investment income$18K · 11%
Contributions & grants89%$154K
Investment income11%$18K
Total revenueLn 12$173K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $331K · Operating expenses/yr $177K
22.5 months
Where the money goes
Program services
Program services $163K · Total expenses $177K
92%
Management & General
Management & general $14K · Total expenses $177K
8%
Fundraising
Fundraising $0 · Total expenses $177K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $280K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $154K · Total revenue $173K
89%
Government reliance
Government grants — · Total revenue $173K
—
Earned-income share
Program service revenue $0 · Total revenue $173K
0%
Investment reliance
Investment income $18K · Total revenue $173K
+11%
Program self-sufficiency
Program service revenue $0 · Total expenses $177K
0%
Growth & trend
Revenue growth (YoY)
This year $173K · Prior year $330K
-48%
Revenue CAGR
FY2020 $192K · FY2024 $173K
-3%
Net-asset trend (YoY)
End of year $329K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $173K · Expenses $177K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $331K
—
Net-asset ratio
Net assets $329K · Total assets $331K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $331K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kim English · Reported title PAST EXECUTIVE DIRECTOR · Highest reported compensation $19K · Total expenses $177K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $88K · Total expenses $177K
50%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 92%——
Overhead ratio 8%——
Fundraising cost ratio 0%——
Revenue growth -48%——
Accounting fee ratio 0.7%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Past Executive Director
$18,633Pt VII · Sec A
Executive Director
$4,161Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Emeritus Member
$0Pt VII · Sec A
Past Board Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chairman
$0Pt VII · Sec A

Kim English’s $19K as Past Executive Director is at the 14th percentile of top reported officer pay among 1612 $100K–1M 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kim English$18,633$20,800$20,583$15,600$15,600
Patricia Peterson$4,161————

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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Governance & Policies

Part VI
  • 15Voting board membersPt VI · Ln 1a
  • 15Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Fosters a love of reading in young children, opening up a world of opportunities.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $163K of program spending, described in the organization's own filed words · FY2024.
01

The reading academy is a year-round after school and summer literacy tutoring program. The academy's goal is for all students to read at grade level by the end of third grade. Research shows that students who reach this benchmark are four times more likely to graduate high school and have a successful educational experience.

$113Kprogram expense
02

K ready is an early childhood program designed to provide the resources and tools to help caregivers prepare their children for kindergarten. Research shows that primary indicators of kindergarten readiness are having access to books and being read to at least 20 minutes a day.

$50Kprogram expense

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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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $173K$177K-48% 990 PDF
FY2023 $330K$357K-32% 990 PDF
FY2022 $489K$399K+23% 990 PDF
FY2021 $398K$286K+107% 990 PDF
FY2020 $192K$153K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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