Beyond Literacy

Analysis

Beyond Literacy is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1969, 57 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Beyond Literacy reported income of $4.6m and spending of $4.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $4.6m (+141%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 95%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beyond Literacy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include St Williams Care Center ($4.6m), General Health System Foundation ($4.6m) and Volcan Mountain Foundation ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $155k (3.4% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $2.9m against liabilities of $947k, net assets of $1.9m. It reported 64 employees.