Literacy Connexus Inc

Analysis

Literacy Connexus Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 2004, 22 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 Connexus Inc reported income of $81k and spending of $104k, spending 128% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $132k to $81k (-39%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literacy Connexus Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within TX. Charities of a similar size with the same main cause include Riggs Institute & Prepartory ($81k), Eastern Cabell County Humanities Organization ($81k) and Lincoln Library Foundation ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Other salaries and wages came to $14k. At year end it held assets of $15k against liabilities of $0, net assets of $15k. It reported 2 employees.