Logo for "READING POWER INC"

READING POWER INC

READING POWER INC

Lake Forest, IL, US
501(c)(3)
EIN
20-2916846
Logo for "READING POWER INC"

READING POWER INC

Lake Forest, IL, US
501(c)(3)
EIN
20-2916846

Overview

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Est.

2005

Fiscal Year Start

Jul 1

Organization Type

Grantseeker
AI Summary
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Reading Power Inc is a nonprofit literacy tutoring program dedicated to serving low-achieving children attending elementary schools, with a mission to accelerate literacy learning and foster a love of reading and writing. Operating with a budget of $1.6 million and generating total revenue of $1.9 million, the organization partners with schools to achieve its educational goals. Notably, Reading Power Inc does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its initiatives. For more information, visit readingpowerinc.org.

Mission Statement

READING POWER, INC IS A NOT FOR PROFIT LITER1CY TUTORING PROGRAM SERVING LOW-ACHIEVING CHILDREN ATTENDING ELEMENTARY SCHOOLS. THEIR MISSION IS TO ACCELERATE CHILDREN'S LITERACY LEARNING AND TO DEVELOP IN THEM A LOVE OF READING AND WRITING. THIS GOAL IS ACCOMPLISHED THROUGH AN INDEPENDENT TUTORING PROGRAM WORKING IN PARTNERSHIP WITH THE SCHOOLS. THE BELIEF IS THAT ALL CHILDREN DESERVE TO REACH THEIR ACADEMIC POTENTIAL.
Revenues

$1.9M

Expenses

$1.6M

Net Income:
+$320.4K
Assets

$1.4M

Liabilities

$313.1K

Net Assets:
+$1M
Operating Budget

$1.6M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

40

Median grant size
$5K
Largest grant received
$85K
T
Todd Litzsinger
Board Member
R
Rahul Malhotra
Board Member
M
Melinda Mooney
Board Member

Frequently Asked Questions

What is READING POWER INC’s budget?
In 2024, READING POWER INC reported an annual operating budget of around $1.6 million. More detailed financial information is available to registered users.
What causes does READING POWER INC support?
READING POWER INC supports work in Public utilities and Youth organizing.
Where does READING POWER INC operate?
READING POWER INC is headquartered in Lake Forest, IL.
Who funded READING POWER INC recently?
In 2025, READING POWER INC received grants from THE LAKE COUNTY COMMUNITY FOUNDATION, THE WILLIAM F O'CONNOR FOUNDATION C/O RYAN & JURASKA LLP, and THE MURIEL POLLIA FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant READING POWER INC received in 2024?
The largest grant to READING POWER INC in 2024 exceeds $85 thousand.
Overview
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