Richardson Adult Literacy Center

Analysis

Richardson Adult Literacy Center is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in September 1990, 36 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, Richardson Adult Literacy Center reported income of $168k and spending of $216k, spending 129% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $225k to $168k (-25%), an average of -7.1% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Richardson Adult Literacy Center sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Crook County Education Foundation ($168k), The Massachusetts Reading Association Incorporated ($168k) and PTA of PS 5 Corp ($168k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $168k (78% of expenses). At year end it held assets of $229k against liabilities of $9,417, net assets of $219k. It reported 8 employees.