Get Lit Words Ignite Inc

Analysis

Get Lit Words Ignite Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Get Lit Words Ignite Inc reported income of $3.7m and spending of $2.7m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $3.7m (+211%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Get Lit Words Ignite Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Edventure Inc ($3.7m), Earthwatch Institute Inc ($3.7m) and Midland Community Theatre Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $171k (6.3% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.7m against liabilities of $455k, net assets of $2.2m. It reported 37 employees.