Augustine Literacy Project-Charlotte

Analysis

Augustine Literacy Project-Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 2019, 7 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 June 2024, Augustine Literacy Project-Charlotte reported income of $1.7m and spending of $1.9m, spending 111% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $599k to $1.7m (+179%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Augustine Literacy Project-Charlotte sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include South Baltimore Learning Corp Inc ($1.7m), Tennessee Christian Academy Inc ($1.7m) and Hawaii Investment Ready ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $124k (6.7% of expenses). Other salaries and wages came to $845k. At year end it held assets of $1.1m against liabilities of $8,966, net assets of $1.1m. It reported 42 employees.