Foundation for Impact on Literacy and Learning Inc

Analysis

Foundation for Impact on Literacy and Learning Inc is a registered charity in United States, based in Huntington, NY. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Foundation for Impact on Literacy and Learning Inc reported income of $1.0m and spending of $774k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.0m (-12%), an average of -3.3% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for Impact on Literacy and Learning 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 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include W I T Foundation Inc ($1.0m), Randy Caldwell Ministries Inc ($1.1m) and Justin Thomas Foundation Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.6m against liabilities of $48k, net assets of $1.6m.