Scalelit Fka Chicago Citywide Literacy Coalition

Analysis

Scalelit Fka Chicago Citywide Literacy Coalition is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2003, 23 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 June 2023, Scalelit Fka Chicago Citywide Literacy Coalition reported income of $1.5m and spending of $1.7m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.5m (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 188%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scalelit Fka Chicago Citywide Literacy Coalition sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Cats2 Foundation ($1.5m), Learn4life - South Carolina ($1.5m) and Commission on Accrediting of the Association of Theological Schools ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $94k (5.6% of expenses). Other salaries and wages came to $835k. At year end it held assets of $1.0m against liabilities of $51k, net assets of $971k. It reported 16 employees.