Literacy Connects

Analysis

Literacy Connects is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in December 1969, 57 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, Literacy Connects reported income of $3.5m and spending of $2.5m, leaving 28% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $3.5m (+64%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Connects sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within AZ. Charities of a similar size with the same main cause include Trinity College of Florida Inc ($3.5m), French American School of Princeton ($3.5m) and Academie D Vinci Charter School Inc ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $218k (8.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.3m against liabilities of $451k, net assets of $3.8m. It reported 49 employees.