Literary Freedom Project Inc

Analysis

Literary Freedom Project Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Literary Freedom Project Inc reported income of $82k and spending of $94k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $82k (+15%), an average of +15% a year. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Literary Freedom Project Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include The Friends of the Rural Life Museum Inc ($82k), Lime Rock Foundation ($82k) and Satsang Foundation ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.2% of the total. At year end it held assets of $2,177 against liabilities of $1,053, net assets of $1,124.