Literacy Nassau Inc

Analysis

Literacy Nassau Inc is a registered charity in United States, based in Wantagh, NY. It received its IRS tax-exemption ruling in March 2004, 22 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 Nassau Inc reported income of $958k and spending of $877k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $559k to $958k (+71%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Nassau Inc 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 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Parent Cooperative for Early Learning Inc ($958k), Gennflex Automation Club Inc ($958k) and Nittany Valley Charter School Inc ($957k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $548k. At year end it held assets of $621k against liabilities of $35k, net assets of $587k. It reported 6 employees.