Literacy Center of West Michigan

Analysis

Literacy Center of West Michigan is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in April 1988, 38 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 June 2023, Literacy Center of West Michigan reported income of $2.6m and spending of $1.8m, leaving 29% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $2.6m (+96%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 75%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Center of West Michigan sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include American Foreign Service Association Scholarship Fund ($2.6m), Island Readers and Writers an Initiative for Maine Children ($2.6m) and American Fund for Emmanuel ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $118k (6.5% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.7m against liabilities of $359k, net assets of $1.3m. It reported 62 employees.