Overview
What is Read Usa Inc?
Read USA Inc is a nonprofit organization that aims to combat poverty by equipping literacy resources for children from low-income homes. Based in Atlantic Beach, Florida, they serve over 50,000 pre-school and elementary school students from over 100 schools and community centers. Their mission is to break the cycle of generational poverty by closing the literacy gap for children from under-resourced communities. They achieve this by providing children with the opportunity to select and own brand-new, age-appropriate books through book fairs and events. Additionally, Read USA Inc pairs high school teen tutors with struggling elementary school students for one-on-one tutoring sessions focused on reading fluency, phonics, vocabulary, and comprehension skills. The organization also offers multicultural literacy programming, including virtual "read-alouds" from respected authors, to promote a love for reading and literature. With a team of two dedicated individuals, Read USA Inc is making strides in empowering children through literacy.
Official website here: www.readusainc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Read USA Inc has received a Three-Star rating from Charity Navigator, reflecting a strong performance in the area of accountability and finance. The charity's overall score is heavily influenced by its impressive accountability practices, with 92% of its board members being independent, and no material diversion of assets reported. These factors contribute positively to its financial integrity.
However, there are notable limitations in the organization's governance policies. The absence of a whistleblower policy and a document retention and destruction policy has impacted its score, indicating room for improvement in transparency and risk management practices. Despite these gaps, the charity maintains a high program expense ratio of 93.57%, which suggests that a significant portion of its funds is directed towards its mission.
In terms of financial health, Read USA Inc showcases a favorable liabilities to assets ratio and a solid working capital ratio of 1.42 years, indicating stability. Nonetheless, its fundraising efficiency ratio is concerning, with a cost of $0.01 per dollar raised, suggesting that fundraising efforts may require reassessment to enhance efficiency and effectiveness. Overall, while the organization demonstrates strong financial accountability, addressing its governance limitations could further strengthen its rating and impact.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Read Usa Inc?
100% of reviewers on Facebook recommend Read USA Inc. Here is a summary of their reviews:
The nonprofit is praised for its impactful mission to promote literacy and support children in need. Reviewers express admiration for the initiative of providing free books for children, which is seen as a significant step towards improving literacy and breaking the cycle of poverty. Additionally, the organization’s focus on training teen tutors to assist younger students is recognized as a powerful strategy that not only enhances reading skills but also fosters a sense of community involvement among teens.
Overall, the enthusiasm for Read USA Inc. reflects a strong appreciation for its services. Many reviewers highlight the real change the nonprofit is making in the lives of children, making it clear that the organization delivers on its promises and contributes positively to the community.
This AI summary has been generated from reviews found on Facebook.
Is Read Usa Inc legitimate?
Read Usa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Read Usa Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $88,465
Professional Fundraising Fees: $0
Other Salaries and Wages: $93,000
For more financial information, click here
Official website here: www.readusainc.com
What is the mission statement of Read Usa Inc?
Read USA Inc's mission is centered around breaking the cycle of poverty, specifically focusing on literacy. The organization leverages research to address the issue, as two-thirds of low-income homes lack books, and a significant number of fourth-grade children who struggle with reading end up in jail or on welfare. Read USA Inc aims to raise awareness and take action towards these statistics, aiming for a positive outcome. They provide book choice and ownership for children in under-resourced communities through book fairs and events. Additionally, the organization offers one-on-one tutoring for elementary school students struggling with reading, focusing on oral reading fluency, phonics, phonemic awareness, vocabulary, reading comprehension skills, and writing. The organization also provides multicultural literacy programming, including virtual read-alouds.
Official website here: www.readusainc.com
Who is the CEO of Read Usa Inc?
Ellen A Wiss is the Cao of Read Usa Inc. The CEO's salary of Read Usa Inc is $88,465 and their total compensation is $91,090.
Official website here: www.readusainc.com
What is the revenue of Read Usa Inc?
Read Usa Inc's revenue in 2021 was $2,569,007.
Official website here: www.readusainc.com
Who are the executives of Read Usa Inc and what are their salaries?
The average compensation at Read Usa Inc during 2021 was $90,732. There are 2 employees and 100 volunteers at Read Usa Inc.
Here are 13 key members and their salaries (Read Usa Inc's CEO's salary is $88,465 and their total compensation is $91,090):
- Compensation: $93,001
- Related: $0
- Other: $2,227
- Compensation: $88,465
- Related: $0
- Other: $2,625
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.readusainc.com
Where can I find the form 990 for Read Usa Inc?
Read Usa Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.readusainc.com
Learn more at the official website: www.readusainc.com
Mission Statement of Read Usa Inc
Read USA, Inc., driven by research, aims to combat the cycle of poverty and generational disadvantages by focusing on literacy resources for children from low-income households. This organization recognizes that a staggering two-thirds of such households have no books, and two-thirds of fourth-grade children who struggle with reading are at a high risk of ending up in jail or relying on welfare. With a mission to shift these disheartening statistics, Read USA, Inc. raises awareness and encourages action.
The organization's primary strategy involves equipping children in under-resourced communities with book ownership through book fairs and events. They also prioritize improving grade-level reading proficiency by pairing high school teen tutors with elementary school students who struggle with reading. These tutors provide daily, intensive, one-to-one tutoring sessions, focusing on various skills such as oral reading fluency, phonics, phoneme awareness, vocabulary, reading comprehension, and writing.
Furthermore, Read USA, Inc. offers multicultural literacy programming, including virtual "Read Alouds," ensuring literacy education caters to diverse backgrounds. The ultimate goal is to empower children from under-resourced communities, equipping them with the necessary literacy skills, and breaking the cycle of poverty and its associated consequences.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Read USA Inc's impact is significant in breaking the cycle of generational poverty by providing literacy resources to children from under-resourced communities. Through their targeted programming, they aim to close the literacy gap and improve grade-level reading proficiency for these children. By organizing book fairs, book events, and pairing high school teen tutors with elementary school students, Read USA Inc has served over 50,000 preschool age and elementary school students in over 100 elementary schools and 5 community centers. They have distributed over 150,000 brand new, age-appropriate books that children have selected for book ownership, helping to build their home libraries. This impactful work not only provides access to books but also the support needed to improve children's reading skills and set them on a path towards a brighter future.
This information is meant to be a general summary of Read Usa Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Gross Receipts: $2,569,007
Assets and Liabilities:
- Total Assets: $1,550,513
- Total Liabilities: $451,677
- Net Assets: $1,098,836
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2017
Phone
(720) 256-6143Principal Officer
Ellen A Wiss
Main Address
PO BOX 331067, ATLANTIC BEACH, FL, 32233
Website
www.readusainc.comNTEE Category
Code: B92 - Education
If you are a representative of Read Usa Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.