Sharp Literacy Inc

Analysis

Sharp Literacy Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in August 1999, 27 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 June 2023, Sharp Literacy Inc reported income of $1.9m and spending of $1.6m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.9m (+65%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sharp Literacy Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within WI. Charities of a similar size with the same main cause include Healthy Habits 4 Life ($1.9m), King Street Center Inc ($1.9m) and Frederick Health Hospice Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $227k (14% of expenses). Other salaries and wages came to $693k. At year end it held assets of $3.0m against liabilities of $114k, net assets of $2.8m. It reported 39 employees.