The Family Literacy Academy at Lake Wales Inc

Analysis

The Family Literacy Academy at Lake Wales Inc is a registered charity in United States, based in Babson Park, FL. It received its IRS tax-exemption ruling in November 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 June 2024, The Family Literacy Academy at Lake Wales Inc reported income of $217k and spending of $189k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $192k to $217k (+13%), an average of +13% a year. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Family Literacy Academy at Lake Wales Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Plains Grains Inc ($217k), Songcatchers Inc ($217k) and Lasalle County Casa Organization ($217k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $142k. At year end it held assets of $265k against liabilities of $97k, net assets of $168k. It reported 17 employees.