The Literacy Center

Analysis

The Literacy Center is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in October 1985, 41 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, The Literacy Center reported income of $915k and spending of $1.0m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $888k to $915k (+3.0%), an average of +0.7% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Literacy Center sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Inspiring Minds ($915k), Intelli-School ($916k) and Quixote Foundation ($915k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $100k (9.6% of expenses). Other salaries and wages came to $512k. At year end it held assets of $821k against liabilities of $320k, net assets of $501k. It reported 40 employees.