Frankford Valley Foundation for Literacy II

Analysis

Frankford Valley Foundation for Literacy II is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Frankford Valley Foundation for Literacy II reported income of $2.9m and spending of $3.4m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $2.9m (+3.2%), an average of +0.8% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Frankford Valley Foundation for Literacy II sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Oak Mountain Academy Inc ($2.9m), Rise Education System ($2.9m) and We Win Institute Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $27.6m against liabilities of $27.9m, net assets of -$329k.