BEducationEIN: 232273163· Ruling Year: 1982

Foundation For Reading Area Community College

Reading, Pennsylvania

B+Health Score
73B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 4 peers in Education with $1M-$10M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org9.69×
Peer Median20.77×
💰
$4.2M
Total Revenue
📊
$3.0M
Total Expenses
🏦
$28.9M
Net Assets
📋
$700
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+124.5%
Year-over-year change (2023 → 2024)
Net Margin
+29.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
9.69
Net assets divided by total expenses
Liabilities-to-Assets
0.0%
Total liabilities as % of total assets

Filing History

14 filings on record
YearRevenueExpensesAssets
2024$4,212,353125%$2,988,12757%$28,950,00014%
2023$1,876,13610%$1,902,7411%$25,439,0593%
2022$2,074,0747%$1,889,44916%$24,638,3739%
2021$1,932,06354%$1,633,5916%$26,927,38827%
2020$1,257,24119%$1,539,18421%$21,281,8881%
2019$1,547,27612%$1,951,78718%$21,438,4622%
2018$1,754,72467%$1,648,97611%$21,030,0855%
2017$5,347,466314%$1,854,92962%$20,042,05126%
2016$1,291,09829%$1,142,44718%$15,895,04541%
2015$997,36611%$970,33113%$11,299,8613%
2014$897,1357%$855,30913%$11,020,89516%
2013$840,95716%$983,88743%$9,502,43111%
2012$1,005,93613%$689,29740%$8,544,9753%
2011$889,367$492,663$8,301,765

Frequently Asked Questions

What does Foundation For Reading Area Community College do?

Foundation For Reading Area Community College is a education nonprofit organization based in Pennsylvania. It is classified under NTEE code B41I and is registered as a 501(c) tax-exempt organization with the IRS.

Is Foundation For Reading Area Community College financially healthy?

Based on our 9-metric Financial Health Score model, Foundation For Reading Area Community College has a score of 73/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Foundation For Reading Area Community College generate?

Foundation For Reading Area Community College reports $4.1M in annual revenue and holds $32.0M in total assets, based on IRS filings.

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