Community Literature Initiative

Analysis

Community Literature Initiative is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2015, 11 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, Community Literature Initiative reported income of $403k and spending of $494k, spending 123% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $293k to $403k (+37%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 115% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Literature Initiative sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Lake Okeechobee Rural Health Network Inc ($403k), Family Resource Center Inc ($403k) and Child Care Services of Sterling Inc ($403k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $258k. At year end it held assets of $169k against liabilities of $135k, net assets of $34k. It reported 17 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.