Tarrant Literacy Coalition

Analysis

Tarrant Literacy Coalition is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 2009, 17 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 December 2023, Tarrant Literacy Coalition reported income of $291k and spending of $294k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $202k to $291k (+44%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 44%. 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, Tarrant Literacy Coalition sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Project Write Now ($291k), Vedanta Spiritual & Holistic Retreat ($291k) and Williams Wins Inc ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $68k (23% of expenses). Other salaries and wages came to $136k. At year end it held assets of $43k against liabilities of $4,347, net assets of $39k. It reported 10 employees.