Letters Charity

Analysis

Letters Charity is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2019, 7 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, Letters Charity reported income of $383k and spending of $365k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $568k to $383k (-33%), an average of -9.4% a year. The sharpest change came in the year to December 2020, when income dropped by 62%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Letters Charity sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Women Lead ($382k), Friendship Circle a NJ Nonprofit Corporation ($383k) and Family for Families ($382k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 134% of the total. Compensation of current officers, directors and key employees was $111k (30% of expenses). At year end it held assets of $174k against liabilities of $79k, net assets of $95k. It reported 2 employees.