Family Literacy Network Inc

Analysis

Family Literacy Network Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 2007, 19 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, Family Literacy Network Inc reported income of $270k and spending of $273k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $321k to $270k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Family Literacy Network Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Florida Bankers Educational Foundation ($270k), Hudsons Bay High School Foundation ($270k) and Southwest Texas Junior College Foundation Inc ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $7,800 (2.9% of expenses). Other salaries and wages came to $173k. At year end it held assets of $33k against liabilities of $2,811, net assets of $30k. It reported 14 employees.