Civic Intelligence

Readworks Inc.

990 • Fiscal year 2013 • EIN 13-3593812

Sep 01, 2012 to Aug 31, 2013 • Filed on Jul 07, 2014

Organization Profilewww.readworks.org
68 Jay StreetBrooklyn, NY 11201
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

2013 filings • NTEE B • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

34th percentile

0.01x

Higher debt load relative to revenue than 34% of similar nonprofits.

2013 filings • NTEE B • $1M-$5M nonprofits • Source year 2013

Net Margin

78th percentile

21%

Higher net margin than 78% of similar nonprofits.

2013 filings • NTEE B • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

76th percentile

19%

Faster asset growth than 76% of similar nonprofits.

2013 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

79th percentile

28%

Faster revenue growth than 79% of similar nonprofits.

2013 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets29th percentile

Assets

Up

$1,585,952

Up $248,725 (+19%) from 2012

Net Assets

Up

$1,564,741

Up $323,387 (+26%) from 2012

Liabilities

Down

$21,211

Down $74,662 (-78%) from 2012

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin78th percentile

Revenue

Up

$1,571,832

Up $341,103 (+28%) from 2012

Expenses

Up

$1,244,323

Up $144,486 (+13%) from 2012

Net Income

Up

$327,509

Up $196,617 (+150%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $1,157,588Liabilities 2011: $49,675Net Assets 2011: $1,107,9132011Assets 2012: $1,337,227Liabilities 2012: $95,873Net Assets 2012: $1,241,3542012Assets 2013: $1,585,952Liabilities 2013: $21,211Net Assets 2013: $1,564,7412013Assets 2014: $1,453,833Liabilities 2014: $94,776Net Assets 2014: $1,359,0572014Assets 2015: $1,310,373Liabilities 2015: $146,140Net Assets 2015: $1,164,2332015Assets 2016: $907,467Liabilities 2016: $125,324Net Assets 2016: $782,1432016Assets 2017: $1,166,863Liabilities 2017: $85,849Net Assets 2017: $1,081,0142017Assets 2018: $1,053,947Liabilities 2018: $53,149Net Assets 2018: $1,000,7982018Assets 2019: $843,342Liabilities 2019: $55,694Net Assets 2019: $787,6482019Assets 2020: $1,371,746Liabilities 2020: $218,591Net Assets 2020: $1,153,1552020Assets 2021: $1,803,741Liabilities 2021: $42,867Net Assets 2021: $1,760,8742021Assets 2022: $1,139,705Liabilities 2022: $126,064Net Assets 2022: $1,013,6412022Assets 2023: $2,685,467Liabilities 2023: $82,239Net Assets 2023: $2,603,2282023Assets 2024: $1,775,760Liabilities 2024: $106,031Net Assets 2024: $1,669,7292024

Highlighted filing

2013

Assets$1,585,952
Liabilities$21,211
Net Assets$1,564,741
Open 2013 Filing

Operations Trend

Revenue Growth79th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,184,657Expenses 2011: $987,657Net Income 2011: $197,0002011Revenue 2012: $1,230,729Expenses 2012: $1,099,837Net Income 2012: $130,8922012Revenue 2013: $1,571,832Expenses 2013: $1,244,323Net Income 2013: $327,5092013Revenue 2014: $1,397,816Expenses 2014: $1,605,314Net Income 2014: -$207,4982014Revenue 2015: $1,219,132Expenses 2015: $1,409,797Net Income 2015: -$190,6652015Revenue 2016: $1,241,226Expenses 2016: $1,625,514Net Income 2016: -$384,2882016Revenue 2017: $2,488,779Expenses 2017: $2,188,245Net Income 2017: $300,5342017Revenue 2018: $2,134,448Expenses 2018: $2,208,178Net Income 2018: -$73,7302018Revenue 2019: $1,986,262Expenses 2019: $2,204,695Net Income 2019: -$218,4332019Revenue 2020: $2,608,316Expenses 2020: $2,248,893Net Income 2020: $359,4232020Revenue 2021: $3,023,849Expenses 2021: $2,416,061Net Income 2021: $607,7882021Revenue 2022: $1,891,149Expenses 2022: $2,618,134Net Income 2022: -$726,9852022Revenue 2023: $4,603,761Expenses 2023: $3,007,175Net Income 2023: $1,596,5862023Revenue 2024: $2,706,987Expenses 2024: $3,649,720Net Income 2024: -$942,7332024

Highlighted filing

2013

Revenue$1,571,832
Expenses$1,244,323
Net Income$327,509
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2012 to Aug 31, 2013
Signed
Jul 7, 2014
Return Version
2012v2.0
Gross Receipts
$1,692,140
Mission and Program Overview

Mission

Readworks is committed to solving our nations reading comprehension crisis and closing the achievement gap. We engage directly with teachers and instructional leaders, using research-proven curriculum and instructional practices, and innovative technology, to improve teacher effectiveness and student achievement.

Filing and Contact Details

Filer

EIN
13-3593812
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IRS990/OtherExpensesCurrentYear0635178
IRS990/OtherExpenses/Description0Printing
IRS990/OtherExpenses/Description1Communications and IT
IRS990/OtherExpenses/Description2Miscellaneous
IRS990/OtherExpenses/Description3Curriculum materials
IRS990/OtherExpenses/Fundraising0644
IRS990/OtherExpenses/Fundraising1215
IRS990/OtherExpenses/Fundraising23739
IRS990/OtherExpenses/ManagementAndGeneral02114
IRS990/OtherExpenses/ManagementAndGeneral1345
IRS990/OtherExpenses/ManagementAndGeneral22249
IRS990/OtherExpenses/ManagementAndGeneral381
IRS990/OtherExpenses/ProgramServices0633
IRS990/OtherExpenses/ProgramServices13244
IRS990/OtherExpenses/ProgramServices27729
IRS990/OtherExpenses/ProgramServices318454
IRS990/OtherExpenses/Total03391
IRS990/OtherExpenses/Total13804
IRS990/OtherExpenses/Total213717
IRS990/OtherExpenses/Total318535
IRS990/OtherNotesLoansReceivableNet/EOY00
IRS990/OtherRevenueCurrentYear02728
IRS990/OtherRevenueMisc/Description0Miscellaneous income
IRS990/OtherRevenueMisc/ExclusionAmount02728
IRS990/OtherRevenueMisc/TotalRevenueColumn02728
IRS990/OtherRevenuePriorYear06691
IRS990/OtherSalariesAndWages/Fundraising026947
IRS990/OtherSalariesAndWages/ManagementAndGeneral043695
IRS990/OtherSalariesAndWages/ProgramServices0324026
IRS990/OtherSalariesAndWages/Total0394668

Document Assets

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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,585,952
Liabilities
$21,211
Net assets
$1,564,741
Revenue
$1,571,832
Expenses
$1,244,323
Net income
$327,509
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.78$0.11$1.67$2.71$3.65$0.94
2023Detailed filing. Detailed filing data is available for this year.$2.69$0.08$2.60$4.60$3.01$1.60
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.14$0.13$1.01$1.89$2.62$0.73
2021Detailed filing. Detailed filing data is available for this year.$1.80$0.04$1.76$3.02$2.42$0.61
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.22$1.15$2.61$2.25$0.36
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.06$0.79$1.99$2.20$0.22
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.05$1.00$2.13$2.21$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.09$1.08$2.49$2.19$0.30
2016Detailed filing. Detailed filing data is available for this year.$0.91$0.13$0.78$1.24$1.63$0.38
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.15$1.16$1.22$1.41$0.19
2014Detailed filing. Detailed filing data is available for this year.$1.45$0.09$1.36$1.40$1.61$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.02$1.56$1.57$1.24$0.33
2012Summary only. Only limited summary data is available for this year.$1.34$0.10$1.24$1.23$1.10$0.13
2011Summary only. Only limited summary data is available for this year.$1.16$0.05$1.11$1.18$0.99$0.20
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • NTEE B240 • $1M-$5M nonprofits