Learningquest-Stanislaus Literacy Centers

Analysis

Learningquest-Stanislaus Literacy Centers is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Learningquest-Stanislaus Literacy Centers reported income of $2.6m and spending of $2.5m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.5m to $2.6m (+4.5%), an average of +1.5% a year. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Learningquest-Stanislaus Literacy Centers sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Illinois Network of Centers for Independent Living ($2.6m), Dcu for Kids ($2.6m) and Foundation for Sarcoidosis Research ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $90k (3.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.0m against liabilities of $253k, net assets of $784k. It reported 80 employees.