Overview
What is Reading Is Fundamental Inc?
Reading Is Fundamental Inc, based in Washington D.C., is a renowned nonprofit organization dedicated to inspiring a passion for reading among children. Through their flagship program, Books for Ownership, children in underprivileged communities select new books appropriate for their reading level and participate in engaging activities. This initiative, funded by individual donors, corporations, and foundations, aims to foster a culture of learning and success. The organization's Literacy Kits model supports this program by providing students with critical access to books and reading resources, allowing volunteers to build their home libraries. Additionally, Reading Is Fundamental continues its Read for Success program, an innovative reading intervention addressing summer learning loss. This program, backed by research, motivates children to read and experience improvements in reading proficiency. Overall, Reading Is Fundamental's mission is to create literacy solutions, maximizing every donation to help children reach their full potential through the transformative power of literacy.
Official website here: www.rif.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96%
Reading Is Fundamental Inc has received an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong performance in accountability and financial management. The organization scored highly in various categories, including a 97 for Accountability & Finance and a perfect 100 for Leadership & Adaptability. These scores demonstrate a solid commitment to transparency and effective governance, which is essential for building trust with donors and stakeholders.
The nonprofit's program expense ratio of 65.44% indicates a significant portion of its funding is directed towards its mission-related activities, which focus on promoting literacy among children. Additionally, the organization has maintained a robust feedback collection and usage process, scoring 100 in both areas, showcasing its dedication to continuous improvement and responsiveness to community needs. Its strategic goals emphasize enhancing program impact and fostering partnerships, indicating a forward-thinking approach to addressing literacy challenges.
However, while the organization boasts a strong financial health profile, the data does suggest that there may be opportunities for improvement in its equity strategies, where it scored 85 out of 100. This suggests that while the organization is performing well overall, there may be room for further development in ensuring equitable access to literacy resources. Overall, Reading Is Fundamental Inc appears well-positioned to make a significant impact on literacy initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Reading Is Fundamental Inc legitimate?
Reading Is Fundamental Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reading Is Fundamental 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: $814,370
Professional Fundraising Fees: $323,264
Other Salaries and Wages: $1,909,061
For more financial information, click here
Official website here: www.rif.org
What is the mission statement of Reading Is Fundamental Inc?
Reading Is Fundamental Inc is dedicated to fostering a love for reading among children in the United States. Their mission is to create a literate America by inspiring a passion for reading and providing resources that make an impact. They offer innovative literacy solutions to address key literacy issues and engage communities in the solution. Through their eBook platform and partnerships with publishers and distributors, they maximize the impact of every donation to help children reach their full potential. Reading Is Fundamental Inc provides books and literacy resources to reach children in need, with the assistance of thousands of volunteers and local programs throughout the country.
Official website here: www.rif.org
Who is the CEO of Reading Is Fundamental Inc?
Alicia Levi is the President And Ceo of Reading Is Fundamental Inc. The CEO's salary of Reading Is Fundamental Inc is $320,902 and their total compensation is $340,277.
Official website here: www.rif.org
What is the revenue of Reading Is Fundamental Inc?
Reading Is Fundamental Inc's revenue in 2022 was $16,088,590.
Official website here: www.rif.org
Who are the executives of Reading Is Fundamental Inc and what are their salaries?
The average compensation at Reading Is Fundamental Inc during 2022 was $100,868. There are 27 employees and 30000 volunteers at Reading Is Fundamental Inc.
Here are 19 key members and their salaries (Reading Is Fundamental Inc's CEO's salary is $320,902 and their total compensation is $340,277):
- Compensation: $320,902
- Related: $0
- Other: $19,375
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- Compensation: $216,463
- Related: $0
- Other: $13,147
- Compensation: $171,683
- Related: $0
- Other: $22,668
- Compensation: $168,664
- Related: $0
- Other: $27,677
- Compensation: $138,087
- Related: $0
- Other: $8,440
- Compensation: $132,186
- Related: $0
- Other: $8,021
- Compensation: $119,415
- Related: $0
- Other: $7,405
- Compensation: $115,164
- Related: $0
- Other: $7,579
Official website here: www.rif.org
Where can I find the form 990 for Reading Is Fundamental Inc?
Reading Is Fundamental Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rif.org
Learn more at the official website: www.rif.org
Mission Statement of Reading Is Fundamental Inc
Reading Is Fundamental Inc, a renowned nonprofit organization, is dedicated to igniting a passion for reading among children and making it an enjoyable and beneficial part of their daily lives. With a mission to create a literate America, this esteemed institution aims to inspire young minds and provide them with the necessary resources to succeed.
Through innovative literacy solutions and the implementation of these programs, Reading Is Fundamental Inc strives to address key literacy issues and ensure children have ample opportunities to read and learn. By collaborating with publishers, distributors, and thousands of volunteers, the organization maximizes the impact of every dollar and donation, enabling children to reach their full potential through the life-changing power of literacy.
Reading Is Fundamental Inc offers a wide range of resources and books to reach children in need, bringing the joy of reading to them wherever they may be. The organization's commitment to literacy extends beyond the provision of books, as it also engages communities in the solution to create a literate America. With the help of local programs, volunteers, and dedicated staff, this remarkable organization continues to make a difference in the lives of children and sets them on a path towards success.
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Impact
October, 2024
Reading Is Fundamental Inc. significantly impacts literacy and education for children across the nation by instilling a love of reading and providing access to quality literature. Its flagship program, Books for Ownership, empowers children to choose new books that resonate with their interests and reading levels, fostering greater engagement and self-directed learning. This program not only dispenses free books to children from under-resourced communities but also involves teachers, parents, and volunteers in nurturing a supportive reading environment.
Through initiatives like Literacy Kits, Reading Is Fundamental enhances children's access to reading materials while simultaneously engaging community members. These kits, which include books and literacy activities, help students build at-home libraries, reinforcing the notion that reading is an enjoyable and valuable part of life. Furthermore, the organization’s Read for Success program addresses the critical issue of summer learning loss by motivating children to read and providing resources to teachers and families, resulting in measurable gains in reading proficiency.
Overall, Reading Is Fundamental's comprehensive approach to promoting literacy transcends mere book distribution; it cultivates a culture of reading and learning within communities, ultimately equipping children with the fundamental skills they need to succeed academically and beyond.
This information is meant to be a general summary of Reading Is Fundamental 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 2022.
- Investment Income: $685,182
- Program Service Revenue: $2,325,887
- Gross Receipts: $18,027,584
Assets and Liabilities:
- Total Assets: $22,372,600
- Total Liabilities: $2,164,204
- Net Assets: $20,208,396
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$2,113,486
OTHER PROGRAM REVENUE
Revenue
$212,401
Organization Details
Founding Year
1973
Phone
(202) 536-3400Principal Officer
Alicia Levi
Main Address
750 FIRST STREET NE 920, WASHINGTON, DC, 20002
Website
www.rif.orgNTEE Category
Code: B92Z - Education
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