Foundation for the Future of Literature and Literacy

Analysis

Foundation for the Future of Literature and Literacy is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Foundation for the Future of Literature and Literacy reported income of $871k and spending of $914k, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.2m to $871k (-28%), an average of -8.0% a year. The sharpest change came in the year to September 2020, when income dropped by 31%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for the Future of Literature and Literacy 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 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Friends of Peralta Hacienda Historical Park ($871k), Friends of the Childrens Museum at LA Habra Inc ($871k) and Meztli Projects Inc ($871k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $121k (13% of expenses). Other salaries and wages came to $154k. At year end it held assets of $90k against liabilities of $2,138, net assets of $88k. It reported 4 employees.