News Literacy Project Inc

Analysis

News Literacy Project Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 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, News Literacy Project Inc reported income of $6.0m and spending of $7.6m, spending 126% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.5m to $6.0m (+143%), an average of +34% a year. The sharpest change came in the year to June 2021, when income rose by 86%. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, News Literacy Project Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 82nd percentile within DC. Charities of a similar size with the same main cause include Grace School of Theology ($6.0m), 826 Valencia ($6.0m) and Association for the Advancement of Education Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $605k (8.0% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $5.5m against liabilities of $424k, net assets of $5.1m. It reported 45 employees.