Literacy Alliance of Northeast Florida Inc

Analysis

Literacy Alliance of Northeast Florida Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in September 1972, 54 years ago. 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 Alliance of Northeast Florida Inc reported income of $697k and spending of $663k, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $351k to $697k (+99%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literacy Alliance of Northeast Florida Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include University Aviation Association ($697k), Waterloo Cedar Falls Symphony Orchestra Association ($697k) and Chilmark Town Affairs Council Inc ($697k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.9% of the total. Other salaries and wages came to $480k. At year end it held assets of $625k against liabilities of $3,441, net assets of $621k. It reported 30 employees.