Literacy Services of Wisconsin Inc

Analysis

Literacy Services of Wisconsin Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in November 1968, 58 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 June 2024, Literacy Services of Wisconsin Inc reported income of $2.7m and spending of $2.0m, leaving 25% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.4m to $2.7m (+92%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 46%. 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, Literacy Services of Wisconsin Inc 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 89th percentile within WI. Charities of a similar size with the same main cause include Starbase Minnesota Inc ($2.7m), Northern Michigan Christian School Association ($2.7m) and Lahser Community Connections Inc ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $130k (6.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.6m against liabilities of $349k, net assets of $2.2m. It reported 33 employees.