Litshop

Analysis

Litshop is a registered charity in United States, based in St Louis, MO. It received its IRS tax-exemption ruling in June 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, Litshop reported income of $106k and spending of $146k, spending 138% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $106k (+0.3%), an average of +0.3% a year. 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, Litshop sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within MO. Charities of a similar size with the same main cause include PTA Florida Congress ($106k), Rockport Library Foundation ($106k) and Bucyrus Redmen Athletic Booster Club ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.9% of the total. At year end it held assets of $36k against liabilities of $2,081, net assets of $34k.