Nonprofit · EIN 87-2455442
READ FOUNDATION USA
Tax-exempt · LAKE ORION, MI 48359
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $86,874 | $89,598 | -$2,724 | $156,675 | $90,157 | $66,518 |
| December 31, 2024 | 990 | $690,089 | $762,720 | -$72,631 | $160,594 | $91,352 | $69,242 |
| December 31, 2023 | 990 | $451,802 | $378,622 | $73,180 | $148,425 | $6,552 | $141,873 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $86,874
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $64,796
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,848
- Program services (functional)
- $65,024
- Management and general (functional)
- $5,206
- Fundraising (functional)
- $19,368
Balance sheet and other
- Total assets, start of year
- $160,594
- Total assets, end of year
- $156,675
- Total liabilities, end of year
- $90,157
- Net assets, end of year
- $66,518
- Net assets without donor restrictions
- $66,518
- Gross receipts
- $86,874
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2021
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAHANGEER AKHTAR | DIRECTOR AND CHAIR OF THE BOARD Trustee or director, Officer | 1 | $0 |
| ASIF ANSARI | DIRECTOR AND TREASURER Trustee or director, Officer | 1 | $0 |
| DUNIA HAMOU | DIRECTOR AND SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAHANGEER AKHTAR | DIRECTOR AND CHAIR OF THE BOARD Trustee or director, Officer | 0 | $0 |
| ASIF ANSARI | DIRECTOR AND TREASURER Trustee or director, Officer | 0 | $0 |
| DUNIA HAMOU | DIRECTOR AND SECRETARY Trustee or director, Officer | 0 | $0 |
| HINA IBADAT | DIRECTOR AND SECRETARY Former | 0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DUNIA HAMOU | DIRECTOR AND SECRETARY Trustee or director, Officer | 0 | $0 |
| ASIF ANSARI | DIRECTOR AND TREASURER Trustee or director, Officer | 0 | $0 |
| JAHANGEER AKHTAR | DIRECTOR AND CHAIR OF THE BOA Trustee or director, Officer | 0 | $0 |
| HINA IBADAT | DIRECTOR AND SECRETARY Former | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1158 CLOVERDALE DR, LAKE ORION, MI 48359-0002
- In care of
- % DUNIA HAMOU
- Signed the 990
- DUNIA HAMOU, DIRECTOR AND SECRETARY
- Phone
- (248) 901-7042
- Return prepared by
- Jones Consulting Services LLC
Mission
The Organizations primary exempt purpose is to provide basic necessities of life including food, clean water, clothing, education, shelter and access to education for individuals and families in need.
Program accomplishments
- Establishing child friendly learning spaces in TurkeyExpenses $25,302 · grants $25,302
- Qurbani PakistanExpenses $24,400 · grants $24,400
- Emergency food aid in YemenExpenses $10,544 · grants $10,544
- Provide basic necessities of life including food, clean water, and clothing.Expenses $4,778 · grants $4,778
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-2455442
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $156,675
- Income (IRS master file)
- $86,874
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $451,802 | $378,622 | $148,425 | IRS |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about READ FOUNDATION USA
- What is the EIN of READ FOUNDATION USA?
- The employer identification number (EIN) of READ FOUNDATION USA is 87-2455442.
- Is READ FOUNDATION USA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to READ FOUNDATION USA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does READ FOUNDATION USA file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of READ FOUNDATION USA due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did READ FOUNDATION USA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of READ FOUNDATION USA?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does READ FOUNDATION USA have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $86,874, expenses of $89,598 and total assets of $156,675 at year end.
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