Literacy Texas

Analysis

Literacy Texas is a registered charity in United States, based in Texarkana, TX. It received its IRS tax-exemption ruling in August 1989, 37 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 December 2023, Literacy Texas reported income of $418k and spending of $460k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $340k to $418k (+23%), an average of +5.3% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literacy Texas sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Biblical Recorder Incorporated ($418k), Chinese Culture Association of Southern California ($419k) and National Association of Nephrology Technologists ($418k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $90k (19% of expenses). At year end it held assets of $114k against liabilities of $10k, net assets of $103k. It reported 1 employees.