Literacy Connection

Analysis

Literacy Connection is a registered charity in United States, based in Elgin, IL. It received its IRS tax-exemption ruling in June 2004, 22 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, Literacy Connection reported income of $237k and spending of $191k, spending 81% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $207k to $237k (+14%), an average of +4.5% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Connection sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include Battle Creek Saturday Japanese School ($237k), Islamic Society of Tracy ($237k) and Louisiana RS and Gis Institute ($237k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $57k (30% of expenses). Other salaries and wages came to $83k. At year end it held assets of $233k against liabilities of $3,730, net assets of $229k. It reported 8 employees.