Literacy Design Collaborative Inc

Analysis

Literacy Design Collaborative Inc is a registered charity in United States, based in New York, NY. 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 (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, Literacy Design Collaborative Inc reported income of $2.4m and spending of $2.8m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $2.4m (-27%), an average of -7.5% a year. The sharpest change came in the year to December 2020, when income dropped by 78%. Over the whole period it spent 140% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Design Collaborative Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Groundwork Ohio Organization ($2.4m), Francine Delany New School for Children Inc ($2.4m) and Barker Blue Dog ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $378k (14% of expenses). Other salaries and wages came to $822k. At year end it held assets of $2.5m against liabilities of $875k, net assets of $1.6m. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.