Family Literacy Center

Analysis

Family Literacy Center is a registered charity in United States, based in Lapeer, MI. It received its IRS tax-exemption ruling in October 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Family Literacy Center reported income of $477k and spending of $429k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $477k (+99%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 55%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Family Literacy Center sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Eastern Connecticut Training School for Firemen ($477k), Leadachild Society ($477k) and Michigan Community College Association Foundation ($477k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $76k (18% of expenses). Other salaries and wages came to $240k. At year end it held assets of $490k against liabilities of $4,662, net assets of $485k. It reported 11 employees.