Washtenaw Literacy

Analysis

Washtenaw Literacy is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in March 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 June 2023, Washtenaw Literacy reported income of $397k and spending of $440k, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $517k to $397k (-23%), an average of -8.5% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washtenaw Literacy sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Lone Star Circus Arts Center Inc ($397k), Old Fort Steuben Project Inc ($397k) and Braemar-City of Lakes Figure Skating Club ($397k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $70k (16% of expenses). Other salaries and wages came to $184k. At year end it held assets of $411k against liabilities of $13k, net assets of $399k. It reported 13 employees.