Literacy Delaware Inc

Analysis

Literacy Delaware Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Literacy Delaware Inc reported income of $432k and spending of $445k, spending 103% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $384k to $432k (+12%), an average of +6.0% a year. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Delaware Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 62nd percentile within DE. Charities of a similar size with the same main cause include West Point Class of 1998 Memorial Scholarship Fund Inc ($432k), Cor Deo Christian Academy ($432k) and Monte Vista Academic Boosters ($432k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $79k (18% of expenses). Other salaries and wages came to $122k. At year end it held assets of $198k against liabilities of -$12k, net assets of $210k. It reported 11 employees.