Center for Sound Literacy Foundation

Analysis

Center for Sound Literacy Foundation is a registered charity in United States, based in Kentwood, MI. It received its IRS tax-exemption ruling in July 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, Center for Sound Literacy Foundation reported income of $5.1m and spending of $1.9m, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $700k to $5.1m (+633%), an average of +64% a year. The sharpest change came in the year to December 2021, when income rose by 241%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Sound Literacy Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Jewish Community High School ($5.1m), Intellectual Virtues Academy of Long Beach ($5.1m) and Super School Inc ($5.1m).

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 $647k. At year end it held assets of $6.5m against liabilities of $1.3m, net assets of $5.2m. It reported 10 employees.