Literacy United

Analysis

Literacy United is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 United reported income of $641k and spending of $604k, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $261k to $641k (+146%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 85% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Literacy United sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Wilson United Soccer League ($641k), Conquistadores Youth Golf Fund ($642k) and Lee a Archer Red Tail Youth Flying Program ($640k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $7,650 (1.3% of expenses). At year end it held assets of $356k against liabilities of $10k, net assets of $346k.