Childrens Literacy Foundation

Analysis

Childrens Literacy Foundation is a registered charity in United States, based in Waterbury Ctr, VT. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Childrens Literacy Foundation reported income of $949k and spending of $890k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $783k to $949k (+21%), an average of +6.6% a year. The sharpest change came in the year to June 2021, when income rose by 137%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Childrens Literacy Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within VT. Charities of a similar size with the same main cause include Cornerspring Montessori School ($949k), Clean Energy Transition Institute ($950k) and Mississippi Valley School Tuitionorganization Inc ($949k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $108k (12% of expenses). Other salaries and wages came to $180k. At year end it held assets of $3.6m against liabilities of $161k, net assets of $3.5m. It reported 7 employees.