Greater Indianapolis Literacy League Inc

Analysis

Greater Indianapolis Literacy League Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 1988, 38 years ago. 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, Greater Indianapolis Literacy League Inc reported income of $1.5m and spending of $1.3m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $644k to $1.5m (+136%), an average of +24% a year. The sharpest change came in the year to June 2020, when income rose by 39%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Indianapolis Literacy League Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Gamma Iota Sigma ($1.5m), Clovis Junior Soccer League Inc ($1.5m) and Success Stories Program ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $158k (12% of expenses). Other salaries and wages came to $644k. At year end it held assets of $1.7m against liabilities of $197k, net assets of $1.5m. It reported 34 employees.