Gilstad Literacy Foundation Inc

Analysis

Gilstad Literacy Foundation Inc is a registered charity in United States, based in Arcadia, FL. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 September 2023, Gilstad Literacy Foundation Inc reported income of $90k and spending of $96k, spending 106% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $51k to $90k (+78%), an average of +78% a year. The sharpest change came in the year to September 2023, when income rose by 78%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Gilstad Literacy Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include Southington Girls Softball League Inc ($90k), Spark the Wave ($90k) and Jefferson Youth Soccer Inc ($90k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.