Governors Early Literacy Foundation

Analysis

Governors Early Literacy Foundation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in November 2004, 22 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, Governors Early Literacy Foundation reported income of $24.9m and spending of $23.2m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.4m to $24.9m (+166%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Governors Early Literacy Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Harbor Day School ($24.9m), Kipp Miami Inc ($24.9m) and Providence Hall ($24.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $388k (1.7% of expenses). Other salaries and wages came to $564k. At year end it held assets of $21.2m against liabilities of $9.3m, net assets of $11.8m. It reported 11 employees.