Childrens Literacy Center Inc

Analysis

Childrens Literacy Center Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in October 1992, 34 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 May 2024, Childrens Literacy Center Inc reported income of $943k and spending of $1.1m, spending 120% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $664k to $943k (+42%), an average of +9.2% a year. The sharpest change came in the year to May 2022, when income rose by 137%. 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, Childrens Literacy Center Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include Heartwood Alc ($943k), Circle of Friends Christian Preschool ($943k) and Learning Cooperative ($943k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 87% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $133k (12% of expenses). Other salaries and wages came to $449k. At year end it held assets of $1.4m against liabilities of $85k, net assets of $1.4m. It reported 29 employees.