Ar Kids Read EIN 46-1477513

Ar Kids Read FY2024 filing

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Helps struggling young readers and their families by providing trained volunteer tutors. For fiscal year 2024 it reported $561K in revenue, $461K in expenses, and $427K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Little Rock, AR
Website
www.arkidsread.org
Filings
6 on file (2020–2024)
Revenue
$561KFY2024
Expenses
$461K
Net assets
$427K
People
18
Filings
6
Updates
0
More identity details & actions ⌄
EIN  46-1477513 Public charity (501(c)(3)) Little Rock, AR
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Helps struggling young readers and their families by providing trained volunteer tutors.
Leadership
Kathy French · Executive Director · $86K
Money in and out
$561K revenue, $461K expenses
Bottom line
71% program efficiency
Where the money goes · FY2024
Total revenue
$561K
Pt VIII · Ln 12
Total expenses
$461K
Pt IX · Ln 25
Net assets
$427K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $101K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.12 Fundraising $0.18
Program efficiency
71%
of spending reaches programs
Operating runway
9.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$561K
FY2024▲ +17%
Expenses
$461K
FY2024▲ +25%
Total assets
$441K
FY2024▲ +30%
Total liabilities
$14K
FY2024-0.2%
Total revenue
$561K
Pt VIII · Ln 12
Total expenses
$461K
Pt IX · Ln 25
Net assets
$427K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$101K
Total assetsPt X · Ln 16$441K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417
Mission & Programs · Part III

Where the work happens

1 program service account for $325K of program spending, described in the organization's own filed words · FY2023.
01

Provided volunteer tutors to help children improve basic literacy language skills to proficiently read at grade level.

$325Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAr Kids Read
EINHdr · item D46-1477513
Principal addressHdr · item CLittle Rock, AR
WebsiteHdr · item Jwww.arkidsread.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFFeb 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$86,100Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kathy French’s $91K as Executive Director is at the 82nd percentile of top reported officer pay among 1984 $100K–1M youth development 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kathy French$90,578$86,100$83,467$42,599
Dionne Jackson$78,000$81,634
Sherra Bennett$10,417

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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Statement of Revenue

Part VIII
Contributions & grants$457K · 81%
Program service revenue$104K · 18%
Contributions & grants81%$457K
Program service revenue18%$104K
Other revenue$737
Total revenueLn 12$561K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.12 Fundraising $0.18
Program services71%$325K
Management & general12%$55K
Fundraising18%$81K
Total functional expensesLn 25$461K

Balance Sheet

Part X · end of year
CashLn 1$333K
Total assetsLn 16$441K
Total liabilitiesLn 26$14K
Total net assetsLn 32$427K
Months of cash on handcomputed8.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $340K · Operating expenses (Pt IX) $461K · Less non-cash grants $24K · Cash operating expenses/yr $437K
9.3 months
Where the money goes
Program services
Program services $325K · Total expenses $461K
71%
Management & General
Management & general $55K · Total expenses $461K
12%
Fundraising
Fundraising $81K · Total expenses $461K
18%
Cost to raise $1
Fundraising expense (3-yr avg) $72K · Solicited contributions (3-yr avg) $383K
$0.19 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $457K · Total revenue $561K
81%
Government reliance
Government grants — · Total revenue $561K
Earned-income share
Program service revenue $104K · Total revenue $561K
18%
Investment reliance
Investment income $0 · Total revenue $561K
0%
Program self-sufficiency
Program service revenue $104K · Total expenses $461K
22%
Growth & trend
Revenue growth (YoY)
This year $561K · Prior year $482K
+17%
Revenue CAGR
FY2019 $322K · FY2023 $561K
+15%
Net-asset trend (YoY)
End of year $427K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $561K · Expenses $461K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $441K
Net-asset ratio
Net assets $427K · Total assets $441K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $7K · Total assets (Pt X, ln 16) $441K
2%
People & payroll
Highest Reported Total Compensation
Individual Kathy French · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $86K · Total expenses $461K
19%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $277K · Total expenses $461K
60%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 12%
Fundraising cost ratio 18%
Revenue growth 17%
Accounting fee ratio 4%

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.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$11K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$531K revenue · ⤓ 990 PDF
FY2024$561K revenue · viewing · ⤓ 990 PDF
FY2023$482K revenue · ⤓ 990 PDF
FY2022$289K revenue · ⤓ 990 PDF
FY2021$337K revenue · ⤓ 990 PDF
FY2020$322K revenue · ⤓ 990 PDF

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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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