Developments in Literacy Inc

Analysis

Developments in Literacy Inc is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Developments in Literacy Inc reported income of $2.4m and spending of $2.1m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.4m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Developments in Literacy Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Seven Hills School ($2.4m), Radcliffe Creek School Inc ($2.4m) and National Assoc for the Education of Homeless Childrens and Youth ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $453k. At year end it held assets of $2.8m against liabilities of $40k, net assets of $2.7m. It reported 5 employees.