Literacy Initiatives

Analysis

Literacy Initiatives is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Literacy Initiatives reported income of $145k and spending of $145k, spending 100% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $105k to $145k (+38%), an average of +38% a year. The sharpest change came in the year to June 2024, when income rose by 38%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Initiatives sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within OR. Charities of a similar size with the same main cause include Kings Christian Academy Inc ($145k), Indiana Air Search & Rescue Inc ($145k) and Greater L a African American Chamber of Commerce Education Fund ($145k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $103k against liabilities of $0, net assets of $103k.