The Literacy Project Inc

Analysis

The Literacy Project Inc is a registered charity in United States, based in Greenfield, MA. It received its IRS tax-exemption ruling in June 1987, 39 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Literacy Project Inc reported income of $1.4m and spending of $1.2m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $889k to $1.4m (+57%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Literacy Project Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Ronald McDonald House of Central & Northern New Jersey Inc ($1.4m), San Diego Center for the Blind ($1.4m) and Overfield Early Childhood Program Inc ($1.4m).

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 $116k (9.4% of expenses). Other salaries and wages came to $657k. At year end it held assets of $1.1m against liabilities of $50k, net assets of $1.1m. It reported 19 employees.