The Literacy Alliance Inc

Analysis

The Literacy Alliance Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in February 1977, 49 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 August 2023, The Literacy Alliance Inc reported income of $776k and spending of $1.1m, spending 141% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $710k to $776k (+9.3%), an average of +2.3% a year. The sharpest change came in the year to August 2021, when income rose by 78%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Literacy Alliance Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Up with Books Inc ($776k), Monarch School 1625 LLC ($776k) and PTO of the Chathams Inc ($775k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 95% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $91k (8.3% of expenses). Other salaries and wages came to $632k. At year end it held assets of $633k against liabilities of $183k, net assets of $450k. It reported 32 employees.