Financial and Estate Literacy Inc

Analysis

Financial and Estate Literacy Inc is a registered charity in United States, based in Mission Viejo, CA. It received its IRS tax-exemption ruling in July 2014, 12 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 December 2023, Financial and Estate Literacy Inc reported income of $71k and spending of $36k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $23k to $71k (+210%), an average of +210% a year. The sharpest change came in the year to December 2023, when income rose by 210%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Financial and Estate Literacy Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Harvard Square Homeless Shelter Corporation ($71k), Baraboo Food Pantry Inc ($71k) and Just US Club Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $60k against liabilities of $630, net assets of $59k.