Education
(B92)
IRS Verified
DX Registered
990 on File
CAPITAL AREA LITERACY COALITION
Financial strength (30%)
50/100
Reliability (20%)
81/100
Effectiveness (25%)
63/100
Impact (25%)
65/100
49
CharityAI™ Score
out of 100
Mission Statement
The Reading People empowers individuals through literacy by providing free educational support to adults, children, and English language learners. We believe literacy unlocks personal freedom, opportunity, and lifelong success. Through compassionate, inclusive, and student-centered programs, we help learners build the reading, writing, and language skills needed to achieve their goals and thrive in our community.
Financial Overview — FY 2024
$300K
Annual Budget
$191K
Total Revenue
$279K
Total Expenses
$486K
Net Assets
10
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
50.1%
Fundraising Efficiency
N/A
Operating Reserve
20.91x
Liability-to-Asset
2.4%
Revenue Diversification
92.3%
Executive Compensation
$60K
Compared with Peers
FY 2025
Compared with 10,291 similar organizations
(United States, Education, $100K–$1M in expenses), FY 2025.
This organization's figures are from FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
50.1% | 89.6% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
49.9% | 7.5% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
20.9 mo | 9.1 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
2.4% | 0.1% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
92.3% | 87.8% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-3.8% | 6.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-4.4% | 7.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-45.8% | 3.1% |
P10P90
|
CharityAI™ Evaluation — 2025
49 / 10050
Financial
81
Reliability
63
Effectiveness
7
Impact
Financial Strength (30%)
50
Reliability & Transparency (20%)
81
Program Effectiveness (25%)
63
Impact & Outcomes (25%)
7
40 served annually
$13 per beneficiary
1 programs
10 staff
IRS Verified Form 990 on File 85% Data Complete
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| 40 learners achieve GED completion and gain pathways to careers and college. | 40 | $12.50 | — | Lifetime |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $191K | $279K | $486K | 50.1% | 10 |
| 2023 | $199K | $292K | $574K | 68.1% | 10 |
| 2022 | $252K | $215K | $667K | 48.8% | 12 |
| 2021 | $180K | $197K | N/A | — | 8 |
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