Literacy Coalition of Central Texas

Analysis

Literacy Coalition of Central Texas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in January 2004, 22 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 July 2023, Literacy Coalition of Central Texas reported income of $1.9m and spending of $1.9m, spending 104% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $2.9m to $1.9m (-36%), an average of -10% a year. The sharpest change came in the year to July 2021, when income dropped by 29%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacy Coalition of Central Texas sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Signal 30 Troopers Benefit Fund Inc ($1.9m), Youth Mentoring Connection ($1.9m) and William Bradford Christian School Inc ($1.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 96% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $129k (6.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $229k against liabilities of $144k, net assets of $85k. It reported 75 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.