Literacycny Inc

Analysis

Literacycny Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in September 1967, 59 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, Literacycny Inc reported income of $147k and spending of $196k, spending 133% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $313k to $147k (-53%), an average of -22% a year. The sharpest change came in the year to June 2022, when income dropped by 53%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacycny Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Madison Heights Community Coalition ($147k), Stembassadors ($147k) and St Ambrose-Ironwood Catholic School Alumni & Friends Association ($147k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $87k. At year end it held assets of $31k against liabilities of $48k, net assets of -$17k.