Literacy New York Inc

Analysis

Literacy New York Inc is a registered charity in United States, based in Cheektowaga, NY. It received its IRS tax-exemption ruling in September 1977, 49 years ago. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Literacy New York Inc reported income of $910k and spending of $910k, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $858k to $910k (+6.1%), an average of +1.5% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literacy New York Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Alliance for Better Long Term Care ($910k), B&n Educators Inc ($910k) and Fort Lauderdale Historical Society Inc ($910k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $95k (10% of expenses). Other salaries and wages came to $379k. At year end it held assets of $602k against liabilities of $77k, net assets of $525k. It reported 8 employees.