Oakland Literacy Council

Analysis

Oakland Literacy Council is a registered charity in United States, based in Pontiac, MI. It received its IRS tax-exemption ruling in February 1990, 36 years ago. 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, Oakland Literacy Council reported income of $523k and spending of $536k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $523k (+154%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 157%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oakland Literacy Council sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include PTA Missouri Congress ($523k), Blue Ridge Fellows Program Inc ($523k) and LA Serena Housing Development Corporation ($523k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $97k (18% of expenses). Other salaries and wages came to $239k. At year end it held assets of $804k against liabilities of $264k, net assets of $541k. It reported 12 employees.