Literacy for Kids Inc

Analysis

Literacy for Kids Inc is a registered charity in United States, based in Grosse Pt FRM, MI. It received its IRS tax-exemption ruling in October 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 December 2023, Literacy for Kids Inc reported income of $111k and spending of $160k, spending 144% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $216k to $111k (-49%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. 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, Literacy for Kids Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within MI. Charities of a similar size with the same main cause include West Paris Explorers Program ($111k), Team 66 Education Foundation ($111k) and Hearts at Home Inc ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $65k. At year end it held assets of $92k against liabilities of $0, net assets of $92k. It reported 1 employees.