Florida Literacy Coalition Inc

Analysis

Florida Literacy Coalition Inc is a registered charity in United States, based in Maitland, FL. It received its IRS tax-exemption ruling in December 1985, 41 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, Florida Literacy Coalition Inc reported income of $891k and spending of $568k, leaving 36% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $691k to $891k (+29%), an average of +8.8% a year. The sharpest change came in the year to June 2023, when income rose by 82%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florida Literacy Coalition Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Prairie School of Dupage ($891k), Kentucky Avenue School ($891k) and Croft Institute for International Studies ($891k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $88k (15% of expenses). Other salaries and wages came to $123k. At year end it held assets of $1.5m against liabilities of $107k, net assets of $1.4m. It reported 12 employees.