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Filing year 2023

READ 718 INC

Brooklyn, New York·EIN 46-4080472·NTEE B99 · Education·3
Total revenue
$913k
Total assets
$905k
Total expenses
$829k
Reported officers
16
Mission

READ 718 PROVIDES INDIVIDUALIZED AND SMALL GROUP LITERACY INSTRUCTION TO CHILDREN IN GRADES 1-8 FROM LOW-INCOME HOUSEHOLDS IN BROOKLYN. SERVICES ARE PROVIDED IN OUR TWO LITERACY CENTERS AS WELL AS REMOTELY.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in New York.

Executive Director
25th percentile to median
$81k
$91k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 15 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at READ 718 INC equaled 10% of the organization's total expenses. The median for education organizations is 6%.

This organization (2023)
10%
Sector median
6%
Middle half of sector
2% to 15%

Based on 24,392 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 13%
from 2022

From $72k in 2022 to $81k in 2023.

$72k
2022
$81k
2023
In today's dollarsEst.
Up 9% in real terms$84k to $91k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 13% from 2022 to 2023, while revenue rose 23%.

$72k in 2022 to $81k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about READ 718 INC

What does the Chief Executive Officer of READ 718 INC earn?

In 2023, the Chief Executive Officer of READ 718 INC received $81,270 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Education organizations in New York, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at READ 718 INC compare with similar nonprofits?

Compared with the same role at Education organizations in New York, the 2023 pay of the Chief Executive Officer at READ 718 INC falls between the 25th percentile and the median. In 2023, the highest total compensation at READ 718 INC equaled 10% of the organization's total expenses. The median for education organizations is 6%.

What are READ 718 INC's revenue and expenses?

In 2023, READ 718 INC reported $913k in total revenue and $829k in total expenses on its IRS Form 990.

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