Literacy Cooperative of Greater Cleveland

Analysis

Literacy Cooperative of Greater Cleveland is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 2009, 17 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 Cooperative of Greater Cleveland reported income of $1.0m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.0m (+1.4%), an average of +0.3% a year. The sharpest change came in the year to December 2021, when income rose by 74%. 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 Cooperative of Greater Cleveland sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Queens College Association ($1.0m), Cyber Sikh Organization ($1.0m) and A1 Supreme Academy ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $210k (20% of expenses). Other salaries and wages came to $327k. At year end it held assets of $1.6m against liabilities of $86k, net assets of $1.5m. It reported 9 employees.