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Readsource Inc

EIN 46-5228845 · Atlanta, GA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood73 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

EMPOWERING COMMUNITIES TO SERVE STRUGGLING LEARNERS.

Income
$873,006
Spending
$1.1 million
Spent on programs
77%
Reserves
11.5 months of spending
Largest source of income
fees for its services, 74%
Employees
0
Volunteers
23
Highest pay
$407,800, head of school

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 73 out of 100. Higher than 34% of charities in its peer group (diseases, $250k to $1m).

  • Reserves

    28 of 35

    Spendable reserves would cover 11.5 months of spending.

  • Debt

    20 of 20

    It owes 10% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 26% of income.

  • Income trend

    10 of 15

    Income fell 9% on the year before.

  • Spending floor

    15 of 15

    77% of spending went to programs and raising each dollar of donations cost 26 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 92% of charities in its peer group (diseases, $250k to $1m).

  • Independent board

    25 of 25

    23 of 23 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $519,177 spent. TEACHER TRAINING: OUR PROGRAMS, INCLUDING COMPREHENSIVE ORTON GILLINGHAM TRAINING AND OUR FREE COURSE, REACHING ALL READERS, ARE DESIGNED TO EQUIP EDUCATORS WITH THE TOOLS NEEDED TO SUPPORT DIVERSE LEARNERS IN BOTH PUBLIC AND INDEPENDENT SCHOOLS
  2. $323,624 spent. DIRECT REMEDIATION SERVICES: THROUGH THE PARTNERSHIP WITH PURPOSE BUILT SCHOOLS ATLANTA WE PROVIDE DIRECT REMEDIATION SERVICES TO EQUIP STUDENTS IN PUBLIC SCHOOLS WITH THE READING SKILLS NEEDED TO SUCCEED.
  3. $8,772 spent. ADULT DYSLEXIA PROGRAM: FOUNDED TO EXTEND THE ORTON-GILLINGHAM APPROACH TO ADULT LEARNERS, THIS PROGRAM PROVIDES SPECIALIZED LITERACY INSTRUCTION TO DYSLEXIC ADULTS. BY EQUIPPING ADULTS WITH ESSENTIAL READING SKILLS, THE PROGRAM SEEKS TO IMPROVE EDUCATIONAL OUTCOMES AND QUALITY OF LIFE FOR INDIVIDUALS WITHIN THE STATE AND NATIONAL COMMUNITY.
  4. S.H.I.N.E. TUTORING PROGRAM
  5. S.H.I.N.E. TUTORING PROGRAM: THIS PROGRAM PROVIDES INTENSIVE, ONE-ON-ONE REMEDIATION AT NO COST TO METRO-ATLANTA STUDENTS AGES 5-15 WITH DOCUMENTED READING CHALLENGES AND FINANCIAL NEED. UTILIZING VOLUNTEER TUTORS TRAINED IN THE RESEARCH-BASED ORTON-GILLINGHAM APPROACH, THE PROGRAM EMPOWERS STUDENTS FROM UNDER-RESOURCED COMMUNITIES TO BECOME CONFIDENT, PROFICIENT READERS.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 2019.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.