Literacy Project

Analysis

Literacy Project is a registered charity in United States, based in Avon, CO. It received its IRS tax-exemption ruling in August 1991, 35 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 Project reported income of $336k and spending of $303k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $306k to $336k (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2023, when income rose by 35%. 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, Literacy Project sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CO. Charities of a similar size with the same main cause include Design Connect Create ($336k), Music Teachers National Association Inc ($336k) and Karuna School Inc ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $106k (35% of expenses). Other salaries and wages came to $106k. At year end it held assets of $337k against liabilities of $46, net assets of $337k. It reported 7 employees.