International Literacy Association

Analysis

International Literacy Association is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in January 2016, 10 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, International Literacy Association reported income of $1.7m and spending of $1.9m, spending 115% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $7.6m to $1.7m (-78%), an average of -26% a year. The sharpest change came in the year to June 2020, when income dropped by 39%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, International Literacy Association sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within DE. Charities of a similar size with the same main cause include Gates School ($1.7m), Los Angeles Rams Foundation ($1.7m) and Florida Debate Initiative Inc ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.7% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $316k (16% of expenses). Other salaries and wages came to $811k. At year end it held assets of $4.8m against liabilities of $890k, net assets of $3.9m. It reported 14 employees.