Reading Ready Pittsburgh EIN 83-1255489 Form 990 (PDF) Claim this org

Reading Ready Pittsburgh FY2022 filing

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Provides books and family reading programs to support young children's development. For fiscal year 2022 it reported $249K in revenue, $148K in expenses, and $202K in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Homestead, PA
Website
readingreadypittsburgh.org
Filings
4 on file (2022–2022)
Revenue
$249KFY2022
Expenses
$148K
Net assets
$202K
People
8
Filings
4
Updates
0
More identity details & actions ⌄
EIN  83-1255489 Public charity (501(c)(3)) Homestead, PA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$1–10M
What they do
Provides books and family reading programs to support young children's development.
Leadership
Mary Denison PhD · Executive Director
Money in and out
$249K revenue, $148K expenses
Bottom line
89% program efficiency
Where the money goes · FY2022
Total revenue
$249K
Pt VIII · Ln 12
Total expenses
$148K
Pt IX · Ln 25
Net assets
$202K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $101K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.10 Fundraising $0.01
Program efficiency
89%
of spending reaches programs
Operating runway
16.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+41%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$249K
FY2022
Expenses
$148K
FY2022
Total assets
$204K
FY2022
Total liabilities
$2K
FY2022
Total revenue
$249K
Pt VIII · Ln 12
Total expenses
$148K
Pt IX · Ln 25
Net assets
$202K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$101K
Total assetsPt X · Ln 16$204K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CReading Ready Pittsburgh
EINHdr · item D83-1255489
Principal addressHdr · item CHomestead, PA
WebsiteHdr · item Jreadingreadypittsburgh.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFJul 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$0Pt VII · Sec A
President and Director
$0Pt VII · Sec A
Treasurer and Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary and Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Reading Ready Pittsburgh executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $125K of program spending, described in the organization's own filed words · FY2021.
01

Provided the Raising a Reader program to 22 Head Start, pre-Kindergarten, and childcare sites comprising 48 classrooms. Additionally, support was provided to Raising a Reader families through Read with Me summer programming: eight weeks of free books and parent engagement materials were provided.

$58Kprogram expense
02

Partnered with Dolly Parton Imagination Library covering cost of enrolling 1,427 low-income children, mailing a free, quality book to each child's home, monthly.

$49Kprogram expense
03

Conducting literacy-based community outreach activities in targeted low-income communities, including summer community days, reading nooks in laundromats and other community spaces; distribution of over 14,000 gently used children's books through eleven Little Giveaway Libraries; and formation of an Early Literacy Council of parents…

$17Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$245K · 98%
Program service revenue$4K · 2%
Contributions & grants98%$245K
Program service revenue2%$4K
Investment income$8
Total revenueLn 12$249K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.10 Fundraising $0.01
Program services89%$132K
Management & general10%$15K
Fundraising1%$2K
Total functional expensesLn 25$148K

Balance Sheet

Part X · end of year
CashLn 1$204K
Total assetsLn 16$204K
Total liabilitiesLn 26$2K
Total net assetsLn 32$202K
Months of cash on handcomputed16.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $204K · Operating expenses/yr $148K
16.5 months
Where the money goes
Program services
Program services $132K · Total expenses $148K
89%
Management & General
Management & general $15K · Total expenses $148K
10%
Fundraising
Fundraising $2K · Total expenses $148K
1%
Cost to raise $1
Fundraising expense $2K · Solicited contributions $245K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $245K · Total revenue $249K
98%
Government reliance
Government grants $0 · Total revenue $249K
0%
Earned-income share
Program service revenue $4K · Total revenue $249K
2%
Investment reliance
Investment income $8 · Total revenue $249K
<0.01%
Program self-sufficiency
Program service revenue $4K · Total expenses $148K
3%
Growth & trend
Revenue growth (YoY)
This year $249K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $202K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $249K · Expenses $148K
+41%
Liabilities-to-Assets
Total liabilities — · Total assets $204K
Net-asset ratio
Net assets $202K · Total assets $204K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $204K
0%
People & payroll
Highest Reported Total Compensation
Individual Mary Denison PHD · Reported title Executive Director · Highest reported compensation $0 · Total expenses $148K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $54K · Total expenses $148K
37%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 10%
Fundraising cost ratio 0.7%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.8%
Fundraising fee ratio 0%

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 · FY2024
See all 14 funders →

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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)$1.5M revenue · ⤓ 990 PDF
FY2024$702K revenue · ⤓ 990 PDF
FY2023$299K revenue · ⤓ 990 PDF
FY2022$249K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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