Literacy Minnesota

Analysis

Literacy Minnesota is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 1973, 53 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 Minnesota reported income of $6.1m and spending of $6.2m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.0m to $6.1m (+22%), an average of +6.8% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Minnesota sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Pathfinder Charter Foundation ($6.1m), Great Rivers Community TR ($6.1m) and Ivy Academy Inc ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $78k (1.3% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $4.0m against liabilities of $1.3m, net assets of $2.7m. It reported 83 employees.