PLANETREAD

EIN: 571198966 501(c)(3) Education

PIEDMONT, CA

Total Revenue
$150,427
Total Expenses
$543,734
Total Assets
$773,558
Net Assets
$773,558
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
CA
Phone
5104353175
Tax Period
2024-07-01 to 2025-06-30

PLANETREAD, founded in 2004, is a small nonprofit in the Education sector that reported $150K in total revenue in fiscal year 2024. Expenses of $544K exceeded revenue, resulting in a 261% operating deficit.

Mission

Scale PlanetReads Same Language Subtitling SLS innovation on mainstream entertainment content on TV and streaming in all languages for three purposes: 1 reading literacy 2 media access and 3 language learning driven by a strategy for systemwide adoption. In India where SLS is gaining traction it has the potential to benefit one billion people. Our system change effort will unfold over 5-7 years in India and is ultimately expected to benefit one billion people. This strategy shift is made possible by competing globally and winning a system change grant from Co-Impact. After successful implementation of SLS in India PlanetRead aims to scale SLS in other countries.

Program Service Accomplishments

Program 1
Expenses: $372,051 Revenue: $0

Around 100 TV programs are being shown with Same Language Subtitles SLS giving over 200 million viewers regular reading practice and skills improvement. Brij Kothari is leading the system change...

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Around 100 TV programs are being shown with Same Language Subtitles SLS giving over 200 million viewers regular reading practice and skills improvement. Brij Kothari is leading the system change effort for SLS adoption and implementation in India and working on the project full time.

Program 2
Expenses: $52,452 Revenue: $0

A research grant was given to eye-tracking experts at Macquarie University to analyze the data from India on reading along with SLS. This is creating the evidence for the acceptance of SLS by the...

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A research grant was given to eye-tracking experts at Macquarie University to analyze the data from India on reading along with SLS. This is creating the evidence for the acceptance of SLS by the entertainment industry.

Program 3
Expenses: $80,055 Revenue: $0

AniBooks animated stories for children with Same Language Subtitles SLS produced in 6 indigenous languages of Arunachal Pradesh.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $137,305
Program Service Revenue $0
Investment Income $13,122
Other Revenue $0
TOTAL REVENUE $150,427

Expense Breakdown

Grants Paid $356,539
Salaries & Benefits $148,723
Fundraising Expenses $10,000
Program Expenses $504,558
Other Expenses $33,472
TOTAL EXPENSES $543,734

Year-over-Year Comparison

2024 2023 Change
Revenue $150,427 $151,374 0.0%
Expenses $543,734 $336,887 +0.6%
Net Income $-393,307 $-185,513 +1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
3
Employees
1
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
4
$148,019
Key Employees
1
$148,019
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brij Kothari Director 40.00
Director Key Emp Highest
$148,019 $0 $148,019
Shweta Suresh Board Chair Director 0.50
Director
$0 $0 $0
Megan Smith Director 0.50
Director
$0 $0 $0
Robert Lynch CFO Director 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $150,427 $543,734 $773,558 $-393,307
2024 $151,374 $336,887 $1,166,865 $-185,513
2023 $1,406,707 $74,984 $1,352,378 $1,331,723
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