Washington Literacy Center

Analysis

Washington Literacy Center is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1965, 61 years ago. 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, Washington Literacy Center reported income of $1.9m and spending of $2.2m, spending 117% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $891k to $1.9m (+110%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 125%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Washington Literacy Center 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 85th percentile, and in the 66th percentile within DC. Charities of a similar size with the same main cause include Community Living Concepts Inc ($1.9m), Beginners Mind Inc ($1.9m) and Concord Center Association Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $286k (13% of expenses). Other salaries and wages came to $629k. At year end it held assets of $988k against liabilities of $1.7m, net assets of -$739k.