Literacy Kansas City

Analysis

Literacy Kansas City is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in June 1987, 39 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 2024, Literacy Kansas City reported income of $2.9m and spending of $3.7m, spending 128% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.8m to $2.9m (+59%), an average of +9.7% a year. The sharpest change came in the year to June 2021, when income rose by 93%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literacy Kansas City sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MO. Charities of a similar size with the same main cause include National Education Foundation ($2.9m), The Alano Club of Portland Oregon ($2.9m) and Pittsburgh Gateways Corporation ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $156k (4.2% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.2m against liabilities of $308k, net assets of $1.9m. It reported 84 employees.