Sacramento Literacy Foundation

Analysis

Sacramento Literacy Foundation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in March 1992, 34 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, Sacramento Literacy Foundation reported income of $1.4m and spending of $576k, leaving 60% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $811k to $1.4m (+76%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 170%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sacramento Literacy Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Early School ($1.4m), Alumni Association of the University of Oregon ($1.4m) and Colorado Plateau Foundation ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $115k (20% of expenses). Other salaries and wages came to $56k. At year end it held assets of $2.8m against liabilities of $118k, net assets of $2.7m. It reported 5 employees.