Readyone Industries Inc
1414 Ability Dr, El Paso, TX · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $65,442,321 | $61,001,544 | $54,704,646 |
| FY2023 | $46,888,319 | $48,538,463 | $50,263,869 |
| FY2022 | $47,555,263 | $50,037,001 | $51,914,013 |
| FY2021 | $73,579,392 | $79,844,058 | $54,395,751 |
| FY2020 | $102,603,923 | $103,061,758 | $60,660,417 |
| FY2019 | $132,351,795 | $129,494,618 | $61,118,252 |
| FY2018 | $114,264,413 | $110,834,151 | $59,699,216 |
| FY2017 | $56,317,038 | $62,148,664 | $56,268,954 |
| FY2016 | $84,480,669 | $85,951,504 | $62,100,580 |
| FY2015 | $67,075,119 | $65,792,736 | $63,571,415 |
| FY2014 | $99,528,986 | $101,222,652 | $62,289,032 |
| FY2013 | $111,606,922 | $110,731,876 | $63,982,699 |
| FY2012 | $82,402,815 | $85,330,006 | $63,107,653 |
| FY2011 | $101,849,389 | $101,408,757 | $66,034,844 |
Form 990 filings
The returns filed by Readyone Industries Inc (EIN 74-2544266), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $59,205,925 | 90% |
| Program service revenue | $1,512,277 | 2% |
| Other revenue | $4,724,119 | 7% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $59,625,810 | 98% |
| Management & general | $1,375,734 | 2% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 90% of total revenue in FY2024.
- Program services accounted for 98% of functional expenses, management & general 2%, and fundraising 0%.
- 98% of functional expenses went to program services in FY2024. That is higher than 79.2% of 24 Employment organizations in TX.
- Net assets covered about 10.8 months of expenses at the end of the reporting year. That puts it in the 59th percentile among 231 Employment organizations in TX.
- Total revenue was higher than 97.9% of 238 Employment organizations in TX.
- Total revenue fell from $101,849,389 in FY2011 to $65,442,321 in FY2024. Revenue increased in 5 and decreased in 8 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 8 of 14 reported years (FY2012, FY2014, FY2016, FY2017, FY2020, FY2021, FY2022, FY2023).
- The highest revenue on record here is $132,351,795 in FY2019.
- Net assets declined from $66,034,844 to $54,704,646 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO MANUFACTURE AND DELIVER INNOVATIVE AND HIGH-QUALITY GARMENTS FOR THE U.S. MILITARY WHILE EMPLOYING AND EMPOWERING A DISABLED WORKFORCE IN A COMPETITIVELY INTEGRATED EMPLOYMENT ENVIRONMENT, PROVIDING MEANINGFUL WORK OPPORTUNITIES FOR INDIVIDUALS OF ALL ABILITIES, ETHNICITIES, AND ORIENTATIONS.
IRS status
| Ruling year | 1990 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | J30Z — Employment |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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