Civic Intelligence

Read Youth Charities

EIN 23-7048642 • Magnolia, TX

40443 Community RdMagnolia, TX 77354-1322
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

$50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

14th percentile

0.00x

Higher debt load relative to revenue than 14% of similar nonprofits.

$50M-$100M nonprofits • Source year 2022

Net Margin

98th percentile

98%

Higher net margin than 98% of similar nonprofits.

$50M-$100M nonprofits • Source year 2022

Top Officer Pay

55th percentile

$28,000

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

$50M-$100M nonprofits • Source year 2022

Asset Growth

98th percentile

193%

Faster asset growth than 98% of similar nonprofits.

$50M-$100M nonprofits • Annualized from 2020 to 2022

Revenue Growth

96th percentile

295%

Faster revenue growth than 96% of similar nonprofits.

$50M-$100M nonprofits • Annualized from 2020 to 2022

Using 2024 Form 990PF data because the latest 2025 filing does not report standard financial totals.

Assets

Up

$51,796,016

Up $1,675,668 (+3.3%) from 2023

Liabilities

Up

$25,111

Up $25,106 (+502120%) from 2023

Net Assets

Up

$51,770,905

Up $1,650,562 (+3.3%) from 2023

Revenue

Up

$3,061,631

Up $2,392,184 (+357%) from 2023

Expenses

Up

$1,411,069

Up $52,870 (+3.9%) from 2023

Net Income

Up

$1,650,562

Up $2,339,314 (+340%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $4,517,270Liabilities 2010: $8,306Net Assets 2010: $4,508,9642010Assets 2011: $4,366,327Liabilities 2011: $1,406Net Assets 2011: $4,364,9212011Assets 2012: $4,264,361Liabilities 2012: $2,864Net Assets 2012: $4,261,4972012Assets 2013: $4,462,573Liabilities 2013: $12,236Net Assets 2013: $4,450,3372013Assets 2014: $4,727,545Liabilities 2014: $4,211Net Assets 2014: $4,723,3342014Assets 2015: $4,641,733Liabilities 2015: $2,350Net Assets 2015: $4,639,3832015Assets 2016: $4,359,461Liabilities 2016: $3,563Net Assets 2016: $4,355,8982016Assets 2017: $4,156,289Liabilities 2017: $3,395Net Assets 2017: $4,152,8942017Assets 2019: $3,650,795Liabilities 2019: $156,956Net Assets 2019: $3,493,8392019Assets 2020: $5,930,843Liabilities 2020: $247,195Net Assets 2020: $5,683,6482020Assets 2021: $5,755,118Liabilities 2021: $16,727Net Assets 2021: $5,738,3912021Assets 2022: $50,809,062Liabilities 2022: $32,405Net Assets 2022: $50,776,6572022Assets 2023: $50,120,348Liabilities 2023: $5Net Assets 2023: $50,120,3432023Assets 2024: $51,796,016Liabilities 2024: $25,111Net Assets 2024: $51,770,9052024

Latest loaded filing

2024

Assets$51,796,016
Liabilities$25,111
Net Assets$51,770,905

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $413,5272010Expenses 2011: $448,0412011Expenses 2012: $463,8922012Revenue 2013: $700,680Expenses 2013: $511,840Net Income 2013: $188,8402013Revenue 2014: $826,515Expenses 2014: $553,518Net Income 2014: $272,9972014Revenue 2015: $477,371Expenses 2015: $561,322Net Income 2015: -$83,9512015Revenue 2016: $239,735Expenses 2016: $523,220Net Income 2016: -$283,4852016Revenue 2017: $336,239Expenses 2017: $539,243Net Income 2017: -$203,0042017Revenue 2019: $442,433Expenses 2019: $871,938Net Income 2019: -$429,5052019Revenue 2020: $2,957,039Expenses 2020: $771,661Net Income 2020: $2,185,3782020Revenue 2021: $859,869Expenses 2021: $889,826Net Income 2021: -$29,9572021Revenue 2022: $46,173,291Expenses 2022: $1,135,025Net Income 2022: $45,038,2662022Revenue 2023: $669,447Expenses 2023: $1,358,199Net Income 2023: -$688,7522023Revenue 2024: $3,061,631Expenses 2024: $1,411,069Net Income 2024: $1,650,5622024

Latest loaded filing

2024

Revenue$3,061,631
Expenses$1,411,069
Net Income$1,650,562

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.
2024Detailed filing. Detailed filing data is available for this year.$51.8$0.03$51.8$3.06$1.41$1.65
2023Detailed filing. Detailed filing data is available for this year.$50.1$0.00$50.1$0.67$1.36$0.69
2022Detailed filing. Detailed filing data is available for this year.$50.8$0.03$50.8$46.2$1.14$45.0
2021Detailed filing. Detailed filing data is available for this year.$5.76$0.02$5.74$0.86$0.89$0.03
2020Detailed filing. Detailed filing data is available for this year.$5.93$0.25$5.68$2.96$0.77$2.19
2019Detailed filing. Detailed filing data is available for this year.$3.65$0.16$3.49$0.44$0.87$0.43
2017Detailed filing. Detailed filing data is available for this year.$4.16$0.00$4.15$0.34$0.54$0.20
2016Detailed filing. Detailed filing data is available for this year.$4.36$0.00$4.36$0.24$0.52$0.28
2015Detailed filing. Detailed filing data is available for this year.$4.64$0.00$4.64$0.48$0.56$0.08
2014Detailed filing. Detailed filing data is available for this year.$4.73$0.00$4.72$0.83$0.55$0.27
2013Detailed filing. Detailed filing data is available for this year.$4.46$0.01$4.45$0.70$0.51$0.19
2012Detailed filing. Detailed filing data is available for this year.$4.26$0.00$4.26$0.46
2011Detailed filing. Detailed filing data is available for this year.$4.37$0.00$4.36$0.45
2010Detailed filing. Detailed filing data is available for this year.$4.52$0.01$4.51$0.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2024 to Aug 31, 2025
Signed
Mar 4, 2026
Return Version
2024v5.5
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael A ThorntonPresident/ChairPT$51,500-$51,500
Thomas ReadVice President-$0--
Roy CanoSecretary-$0--
Brian J BergeronTreasurer-$0--
Paul BatistaTrustee-$0--
Reid CumingTrustee-$0--
G Scott Cuming IVTrustee-$0--
Thomas GilbertTrustee-$0--
Reid Cuming IIITrustee-$0--
Frank ThomasTrustee-$0--
JN WhiddonTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Read Youth Charities
EIN
23-7048642
Phone
2813561707
Address
40443 Community Rd, Magnolia, TX 77354-1322

Signing Officer

Name
Michael A Thornton
Title
Chair of Board
Phone
2813561707
Signed
2026-03-04
Discuss with paid preparer
Yes

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027
Preparer
Kurt Coburn
Phone
7134395739
Raw XML AppendixShowing 400 of 3,152 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2132025-03-07
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2142025-03-12
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2152025-03-21
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2162025-03-25
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2172025-03-27
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2182025-04-04
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2192025-04-09
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2202025-04-09
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2212025-04-09
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2222025-04-10
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2232025-04-16
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2242025-04-16
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2252025-04-23
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2262025-04-23
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2272025-04-24
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2282025-05-02
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2292025-05-02
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2302025-05-02
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2312025-05-07
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2322025-05-07
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2332025-05-15
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2342025-05-21
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2352025-05-21
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2362025-05-26
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2372025-05-26
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2382025-06-20
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2392025-07-15
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2402025-08-13
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2412024-09-28
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2422024-10-03
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2432024-10-22
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2442024-10-25
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2452025-01-08
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2462025-02-05
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2472025-03-06
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2482025-03-07
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2492025-03-21
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2502025-04-09
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2512024-10-22
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2522024-10-22
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2532024-11-19
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2542024-12-18
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2552024-10-08
DepreciationSchedule/DepreciationPropertyGrp/AcquiredDt2562025-02-13
DepreciationSchedule/DepreciationPropertyGrp/AdjustedNetIncomeAmt00
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