Childrens Literacy Network

Analysis

Childrens Literacy Network is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Childrens Literacy Network reported income of $346k and spending of $293k, spending 85% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $335k to $346k (+3.2%), an average of +1.6% a year. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childrens Literacy Network sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Marion Shelter Program Inc ($346k), Lighthouse of Oakland County Inc ($346k) and Human Development and Children Foundation ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $180k. At year end it held assets of $471k against liabilities of $12k, net assets of $459k. It reported 13 employees.