Employment
(J30Z)
990 on File
READYONE INDUSTRIES INC
Financial strength (30%)
69/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2023
$46.9M
Total Revenue
$48.5M
Total Expenses
$50.3M
Net Assets
632
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
97.3%
Fundraising Efficiency
N/A
Operating Reserve
12.43x
Liability-to-Asset
27.3%
Revenue Diversification
87.1%
Executive Compensation
$1.5M
Compared with Peers
FY 2023
Compared with 340 similar organizations
(United States, Employment, $10M–$100M in expenses), FY 2023.
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
|
97.3% | 87.7% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
2.7% | 11.5% |
P10P90
|
Top 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
|
12.4 mo | 7.7 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
27.3% | 34.2% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
87.1% | 92.3% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-1.4% | 8.9% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-3.0% | 9.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-3.5% | 2.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $46.9M | $48.5M | $50.3M | 97.3% | 632 |
| 2022 | $47.6M | $50.0M | $51.9M | 97.4% | 583 |
| 2021 | $73.6M | $79.8M | N/A | — | 817 |
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