Literacy Works

Analysis

Literacy Works is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2001, 25 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 Works reported income of $440k and spending of $440k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $299k to $440k (+47%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Works sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Friends and Family of PS 11 ($440k), Communities in Schools of West Virginia Inc ($441k) and Ceiba Connections ($440k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $349k. At year end it held assets of $451k against liabilities of $18k, net assets of $433k. It reported 3 employees.