Literacy Outreach

Analysis

Literacy Outreach is a registered charity in United States, based in Glenwood SPGS, CO. It received its IRS tax-exemption ruling in June 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, Literacy Outreach reported income of $402k and spending of $260k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $539k to $402k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2022, when income rose by 89%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Outreach sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CO. Charities of a similar size with the same main cause include Anc Educational Scientific and Cultural Organization ($402k), Heartland Institute for Financial Education ($402k) and Interstate Migrant Education Council ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $85k (33% of expenses). Other salaries and wages came to $52k. At year end it held assets of $650k against liabilities of $17k, net assets of $633k. It reported 5 employees.