Literations Corp

Analysis

Literations Corp is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Literations Corp reported income of $1.7m and spending of $1.3m, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.6m to $1.7m (+6.3%), an average of +2.0% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Literations Corp sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Granite State Adaptive ($1.7m), Hockey Chicago Chill ($1.7m) and Boys and Girls Club of the Wisconsin Rapids Area Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $164k (12% of expenses). Other salaries and wages came to $686k. At year end it held assets of $1.1m against liabilities of $113k, net assets of $979k. It reported 56 employees.