Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1998.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
81 cents of each dollar spent went to programs.
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
5 people listed on the 990.
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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
Teaches elementary students reading skills through a public charter school model.
Questions for Reading Edge Academy INC
Your first name shows with your question. Reading Edge Academy INC answers here, for everyone.
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Reading edge served 529 students in two locations during the school year.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.3M | $1.3M |
| Land, buildings, equipmentLn 10c | $5.0M | $4.8M |
| Total assetsLn 16 | $6.4M | $6.2M |
| LiabilitiesLn 26 | $2.0M | $1.9M |
| Net assetsLn 32 | $4.4M | $4.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $2.7M | $2.1M | $540K | |
| Pension plan contributionsLn 8 | $83K | $48K | $35K | |
| Other employee benefitsLn 9 | $152K | $114K | $38K | |
| Payroll taxesLn 10 | $227K | $185K | $42K | |
| Accounting feesLn 11c | $39K | $39K | ||
| Office expensesLn 13 | $14K | $14K | ||
| Information technologyLn 14 | $260 | $260 | ||
| OccupancyLn 16 | $357K | $325K | $33K | |
| InterestLn 20 | $99K | $89K | $10K | |
| Depreciation, depletion and amortizationLn 22 | $231K | $195K | $32K | $4K |
| InsuranceLn 23 | $48K | $43K | $5K | |
| Other expenses (24a–d)Ln 24 | $318K | $262K | $56K | |
| All other expensesLn 24e | $234K | $226K | $8K | |
| Total functional expensesLn 25 | $4.5M | $3.6M | $853K | $4K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $5.1M | $5.0M | $91K | $4.2M | 990 PDF |
| FY2024 | $5.3M | $5.0M | $264K | $4.1M | 990 PDF |
| FY2023 | $4.3M | $4.9M | −$551K | $3.8M | 990 PDF |
| FY2022 | $4.8M | $4.8M | $58K | $4.4M | 990 PDF |
| FY2021 Viewing | $4.3M | $4.5M | −$127K | $4.3M | 990 PDF |
| FY2020 | $4.1M | $4.3M | −$207K | $4.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $4,347,791 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 3 to look at
Part VIII · Statement of revenue $4,347,791 across 7 lines filed
Part IX · Statement of functional expenses $4,475,014 across 13 lines filed
Part X · Balance sheet $6,194,209 assets, 11 lines filed
Part XI · Reconciliation of net assets $4,313,412 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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