Capital Area Literacy Coalition

Analysis

Capital Area Literacy Coalition is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in December 1999, 27 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, Capital Area Literacy Coalition reported income of $199k and spending of $292k, spending 147% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $207k to $199k (-3.8%), an average of -1.0% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Capital Area Literacy Coalition sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within MI. Charities of a similar size with the same main cause include Inspiring Educators Inc ($199k), Pekin Community High School Dragon Athletic Boosters ($199k) and Maitland E Smith Scholarship House Alumni Associate Memorial Fund ($199k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $59k (20% of expenses). Other salaries and wages came to $109k. At year end it held assets of $595k against liabilities of $21k, net assets of $574k. It reported 10 employees.