Cultivating Literacy

Analysis

Cultivating Literacy is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cultivating Literacy reported income of $89k and spending of $67k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $89k (+51%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cultivating Literacy sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within CA. Charities of a similar size with the same main cause include Los Primeros School of Sciences & Arts Parent Teacher Organization ($89k), Fred T Korematsu Elem School at Mace Ranch Parent Teacher Organiza ($89k) and Valdez Parent Teacher Organization ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $99k against liabilities of $1,547, net assets of $97k.