Literacy for Life

Analysis

Literacy for Life is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in February 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Literacy for Life reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $766k to $1.2m (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy for Life sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include The Early Childhood Development Family Center of Avoyelles ($1.2m), Falmouth Memorial Library Association ($1.2m) and Sacramento Educational Cable Consortium ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 7.1% of the total. Other salaries and wages came to $733k. At year end it held assets of $1.5m against liabilities of $30k, net assets of $1.5m.