Fundamental Literacy Foundation

Analysis

Fundamental Literacy Foundation is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in April 2015, 11 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, Fundamental Literacy Foundation reported income of $2.1m and spending of $12.8m, spending 603% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $3.1m to $2.1m (-31%), an average of -9.0% a year. The sharpest change came in the year to June 2021, when income rose by 692%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fundamental Literacy Foundation sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within KS. Charities of a similar size with the same main cause include Romero Academy ($2.1m), Leadership Enterprise for a Diverse America - Leda ($2.1m) and Brightpoint Community College Foundation ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $9.3m against liabilities of $52k, net assets of $9.3m.