Literacy Research Association Inc

Analysis

Literacy Research Association Inc is a registered charity in United States, based in Hoffman Est, IL. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Literacy Research Association Inc reported income of $515k and spending of $246k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $518k to $515k (-0.5%), an average of -0.1% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Research Association Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Judicial Education Institute ($515k), Richard Myles Johnson Foundation ($515k) and Expatriate Educational International ($515k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $1.5m against liabilities of $6,823, net assets of $1.4m.