The Literacy Network of Greater Cincinnati

Analysis

The Literacy Network of Greater Cincinnati is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in December 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 2024, The Literacy Network of Greater Cincinnati reported income of $1.1m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $425k to $1.1m (+162%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Literacy Network of Greater Cincinnati sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Center for Economic and Social Rights Inc ($1.1m), International Aae Inc ($1.1m) and Senior Citizens Council of Dickinson County ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $198k (19% of expenses). Other salaries and wages came to $217k. At year end it held assets of $738k against liabilities of $0, net assets of $738k. It reported 9 employees.