Lit Movement

Analysis

Lit Movement is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lit Movement reported income of $429k and spending of $388k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $454k to $429k (-5.4%), an average of -2.7% a year. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lit Movement sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Project Independence Services Inc ($429k), World Harvest Ministries Inc ($429k) and Food at First ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $86k (22% of expenses). Other salaries and wages came to $166k. At year end it held assets of $560k against liabilities of $0, net assets of $560k. It reported 18 employees.