Reading and Math
Also known as Ampact
Reading and Math reported $90.2 million in revenue and $90.6 million in expenses for the fiscal year ending July 31, 2025. Of every $100 it spent, $93.15 went to program services, $6.70 to management and general costs and $0.15 to fundraising. Its largest source of revenue was contributions and grants: 97.3% of the total. Government grants made up 94.2%. The highest compensation it reported for one person was $175,115 (MANAGING DIRECTOR/PRESIDENT). 14 people received more than $100,000 in reportable compensation. Revenue rose 205% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending July 31, 2025 · Form 990, Part IX, line 25 · total expenses $91MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending July 31, 2025 · Form 990, Part VIII · total revenue $90MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 93.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 97.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 94.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 2.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $175,115 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.19% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 14 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 0.4 | 13.3 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseEducation programs - reading corps, math corps and early learning corps are high-dosage tutoring programs designed to help students develop Reading and Math proficiency. These national programs train americorps members to deliver evidence-based literacy and math interventions to students in pre-kindergarten - 8th grade. Rigorous third-party research found strong evidence that students who receive tutoring from reading corps, math corps and early learning corps make greater gains and faster progress than their peers who do not receive tutoring. Delivering high-impact tutoring with this…
Healthy futures programs focus on strengthening communities and improving future outcomes. Focused on supporting efforts to address substance use disorder or housing insecurity, americorps members serving with healthy futures programs make an incredible impact. During the 2024-25 program year, offerings included recovery corps & heading home corps. Together, members supported 6,500 individuals and provided critical capacity building services for 180 organizations located in minnesota, illinois, and virginia
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| MANAGING DIRECTOR/PRESIDENT Officer, 40.00 hrs/week | $156,364 | $0 | $18,751 | $175,115 |
| CHIEF PROGRAM OFFICER Highest compensated employee, 40.00 hrs/week | $129,839 | $0 | $32,831 | $162,670 |
| CHIEF LEARNING OFFICER Highest compensated employee, 40.00 hrs/week | $117,895 | $0 | $40,726 | $158,621 |
| CHIEF OPERATING OFFICER/CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $130,448 | $0 | $19,460 | $149,908 |
| SEN DIR OF MN PROGRAMS Highest compensated employee, 40.00 hrs/week | $113,483 | $0 | $25,347 | $138,830 |
| EXEC DIR OF WI PROGRAMS Highest compensated employee, 40.00 hrs/week | $108,297 | $0 | $25,695 | $133,992 |
| SEN VP OF REGIONAL LEADERSHIP Highest compensated employee, 40.00 hrs/week | $116,406 | $0 | $7,134 | $123,540 |
14 people received more than $100,000 in reportable compensation from Reading and Math (Part VII, line 2). Compensation of current officers, directors and key employees totaled $338K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 55,044
- Volunteers Part I, line 6265
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| REGENTS OF THE UNIVERSITY OF MINNESOTA Public health program development | $339,886 |
| KORN FERRY (US) Recruitment and project support | $294,582 |
| CLIFTONLARSONALLEN LLP Strategic planning | $158,604 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
3 private foundations reported grants to Reading and Math totaling $22,517 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Reading and Math's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Reading and Math, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Reading and Math spent in FY2025, $93.15 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Regents of the Mercersburg CollegeMercersburg, PA · revenue $90M · programs 76.4% · FY2025
- New England Conservatory of MusicBoston, MA · revenue $90M · programs 80.8% · FY2025
- Inspirenola Charter SchoolsNew Orleans, LA · revenue $90M · programs 93.7% · FY2025
- Education Service Center Region XiiiAustin, TX · revenue $90M · programs 98.6% · FY2025
- Perkins School for the BlindWatertown, MA · revenue $90M · programs 77.2% · FY2025
Questions people ask
How much of Reading and Math's spending goes to programs?
In the fiscal year ending July 31, 2025, Reading and Math reported that 93.2% of its $90.6 million in expenses went to program services, 6.7% to management and general and 0.2% to fundraising (Form 990, Part IX).
How much does Reading and Math pay its top executive?
The largest total compensation Reading and Math reported for one person in the fiscal year ending July 31, 2025 was $175,115, for the role of MANAGING DIRECTOR/PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Reading and Math get its money?
Of $90.2 million in revenue in the fiscal year ending July 31, 2025, 97.3% came from contributions and grants (including 94.2% from government grants) and 2.7% from program service revenue (Form 990, Part VIII).
Is Reading and Math a registered charity?
The IRS lists EIN 47-2306902 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending July 31, 2025, object 202640279349301279 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending July 31, 2024, object 202520509349301112 · read the filing
- FY2023: Form 990 for the fiscal year ending July 31, 2023, object 202400319349300810 · read the filing
- FY2022: Form 990 for the fiscal year ending July 31, 2022, object 202310979349301601 · read the filing
- FY2021: Form 990 for the fiscal year ending July 31, 2021, object 202230319349301023 · read the filing
- FY2020: Form 990 for the fiscal year ending July 31, 2020, object 202023459349301007 · read the filing
All filings for EIN 47-2306902: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.