Literacy Action Network

Analysis

Literacy Action Network is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in February 2011, 15 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 Action Network reported income of $188k and spending of $172k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $179k to $188k (+5.1%), an average of +1.7% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Action Network sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within MN. Charities of a similar size with the same main cause include Handley Regional Library Endowment Fund ($188k), Education Foundation of Downers Grove District 58 ($188k) and Pleasant Valley Schools Educational Foundation ($188k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.