Literary Arts Inc

Analysis

Literary Arts Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in March 1986, 40 years ago. 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, Literary Arts Inc reported income of $9.0m and spending of $4.3m, leaving 52% of income unspent that year. Across the 6 years on record, from May 2019 to May 2024, income grew from $2.8m to $9.0m (+221%), an average of +26% a year. The sharpest change came in the year to May 2022, when income rose by 235%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literary Arts Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OR. Charities of a similar size with the same main cause include Boys & Girls Clubs of North Central Illinois Inc ($9.0m), Essex Valley School ($9.0m) and Heartwood Lodge Trinity Health ($9.0m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $318k (7.4% of expenses). Other salaries and wages came to $1.2m. It paid $270k in professional fundraising fees. At year end it held assets of $23.7m against liabilities of $876k, net assets of $22.8m. It reported 21 employees.