Read Muskegon

Muskegon, MI · Public charity (501(c)(3)) · Education

✓ Tax-deductible
Revenue
$1.2M
+175% vs prior year
Spent
$576K
To programs
53%
Net assets
$855K
By yearFY2020–FY2024
Revenue
$1.2M
FY2024▲ +175%
Revenue by fiscal year
FY2020$268K
FY2021$379K
FY2022$401K
FY2023$446K
FY2024$1.2M
Expenses
$576K
FY2024▲ +19%
Expenses by fiscal year
FY2020$267K
FY2021$335K
FY2022$398K
FY2023$485K
FY2024$576K
Net assets
$855K
FY2024▲ +326%
Net assets by fiscal year
FY2020$127K
FY2021$170K
FY2022$174K
FY2023$201K
FY2024$855K

From the FY2024 Form 990 · figures checked against the IRS filing · 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 CRead Muskegon
EINHdr · item D41-2176728
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2006
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CMuskegon, MI
NTEE classificationIRS BMFEducation (B60)
WebsiteHdr · item Jwww.readmuskegon.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 $0.53 Management & general $0.36 Fundraising $0.11
Program services53%$304K
Management & general36%$208K
Fundraising11%$64K
Total functional expensesLn 25$576K

Financial health

Is it on solid ground?

Program efficiency
53%
of spending reaches programs▼ -9% vs prior filing year
Operating runway
10.9mo
months of highly liquid reserves at operating expense rate▲ +85% vs prior filing year
Surplus margin
+53%
revenue over expenses, this year▲ +705% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.0M
FY2024▲ +284%
Total assets by fiscal year
FY2020$271K
FY2021$309K
FY2022$276K
FY2023$262K
FY2024$1.0M
Total liabilities
$152K
FY2024▲ +147%
Total liabilities by fiscal year
FY2020$144K
FY2021$138K
FY2022$102K
FY2023$61K
FY2024$152K
Revenue less expensesPt I · Ln 19$649K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Balance Sheet

Part X · end of year
CashLn 1$327K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$152K
Total net assetsLn 32$855K
Months of cash on handcomputed6.8

Statement of Revenue

Part VIII
Contributions & grants$1.0M · 85%
Program service revenue$102K · 8%
Other revenue$76K · 6%
Contributions & grants85%$1.0M
Program service revenue8%$102K
Other revenue6%$76K
Investment income$3K
— government grantsLn 1e$85K
Total revenueLn 12$1.2M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $523K · Operating expenses/yr $576K
10.9 months
Where the money goes
Program services
Program services $304K · Total expenses $576K
53%
Management & General
Management & general $208K · Total expenses $576K
36%
Fundraising
Fundraising $64K · Total expenses $576K
11%
Cost to raise $1
Fundraising expense (3-yr avg) $35K · Solicited contributions (3-yr avg) $506K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.0M · Total revenue $1.2M
85%
Government reliance
Government grants $85K · Total revenue $1.2M
7%
Earned-income share
Program service revenue $102K · Total revenue $1.2M
8%
Investment reliance
Investment income $3K · Total revenue $1.2M
+0.2%
Program self-sufficiency
Program service revenue $102K · Total expenses $576K
18%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $446K
+175%
Revenue CAGR
FY2020 $268K · FY2024 $1.2M
+46%
Net-asset trend (YoY)
End of year $855K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $576K
+53%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
—
Net-asset ratio
Net assets $855K · Total assets $1.0M
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $76K · Other securities (Pt X, ln 12) $120K · Total assets (Pt X, ln 16) $1.0M
19%
People & payroll
Highest Reported Total Compensation
Individual Melissa Moore · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $72K · Total expenses $576K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $390K · Total expenses $576K
68%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 53%——
Overhead ratio 36%——
Fundraising cost ratio 6%——
Revenue growth 175%——
Legal fee ratio 0.02%——
Accounting fee ratio 3%——

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
Executive Director
$71,500Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Melissa Moore’s $72K as Executive Director is at the 14th 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Melissa Moore$71,500$71,250$65,000$65,000$52,681

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

Mission and programs

What it does.

Improves quality of life in Muskegon County by boosting literacy skills.

Provided by the organization

This section is blank until Read Muskegon claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $304K of program spending, described in the organization's own filed words · FY2024.
01

Improvement of literacy in muskegon county.

$304Kprogram 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 3 funders$97K
See all 3 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $1.2M$576K+175% 990 PDF
FY2023 $446K$485K+11% 990 PDF
FY2022 $401K$398K+6% 990 PDF
FY2021 $379K$335K+41% 990 PDF
FY2020 $268K$267K 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
Names, privacy, and removal requests More

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