Partnerships for Literacy and Learning Corp

Analysis

Partnerships for Literacy and Learning Corp is a registered charity in United States, based in Montpelier, VT. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Partnerships for Literacy and Learning Corp reported income of $700k and spending of $600k, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $374k to $700k (+87%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 78%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Partnerships for Literacy and Learning Corp 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 75th percentile, and in the 71st percentile within VT. Charities of a similar size with the same main cause include Suzuki Association of the Americas ($699k), Friends of the Free State Capitol Inc ($700k) and American Association for Applied Linguistics ($699k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $114k (19% of expenses). Other salaries and wages came to $248k. At year end it held assets of $259k against liabilities of $80k, net assets of $180k. It reported 7 employees.