The Literacy Project Foundation

Analysis

The Literacy Project Foundation is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in March 1990, 36 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2023, The Literacy Project Foundation reported income of $329k and spending of $292k, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $246k to $329k (+34%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 80%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Literacy Project Foundation sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Muslim Community Center for Human Services ($329k), Business Education Partnership Foundation ($329k) and Georgia Hispanic Chamber of Commerce Business Development Cent ($329k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $9,666. At year end it held assets of $747k against liabilities of $2,401, net assets of $744k. It reported 1 employees.