Dollar General Literacy Foundation

Analysis

Dollar General Literacy Foundation is a registered charity in United States, based in Goodlettsvlle, TN. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Dollar General Literacy Foundation reported income of $23.1m and spending of $19.9m, spending 86% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $16.2m to $23.1m (+42%), an average of +9.3% a year. The sharpest change came in the year to January 2024, when income rose by 30%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dollar General Literacy Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Rabbi Isaac Elchanan Theological Seminary ($23.0m), College Heights Foundation Inc ($23.1m) and Ivy Tech Foundation Inc ($23.0m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 84% of the total. At year end it held assets of $57.6m against liabilities of $18k, net assets of $57.5m.