Oakland Literacy Coalition

Analysis

Oakland Literacy Coalition is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Oakland Literacy Coalition reported income of $853k and spending of $986k, spending 116% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $353k to $853k (+141%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 229%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oakland Literacy Coalition sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Light Africa ($853k), A Chance to Learn ($853k) and Medical Career Academy Inc ($853k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $231k (23% of expenses). Other salaries and wages came to $328k. At year end it held assets of $760k against liabilities of $40k, net assets of $720k. It reported 9 employees.