Wisconsin Literacy Inc

Analysis

Wisconsin Literacy Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in January 1994, 32 years ago. 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, Wisconsin Literacy Inc reported income of $2.6m and spending of $2.7m, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $908k to $2.6m (+183%), an average of +41% a year. The sharpest change came in the year to June 2023, when income rose by 95%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wisconsin Literacy Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within WI. Charities of a similar size with the same main cause include Our Little Helpers Inc ($2.6m), Vigo County Education Foundation Inc ($2.6m) and Special Olympics Louisiana Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $169k (6.3% of expenses). At year end it held assets of $577k against liabilities of $437k, net assets of $140k. It reported 24 employees.