Redwood City Friends of Literacy

Analysis

Redwood City Friends of Literacy is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in February 1997, 29 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 June 2023, Redwood City Friends of Literacy reported income of $264k and spending of $182k, leaving 31% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $342k to $264k (-23%), an average of -8.3% a year. The sharpest change came in the year to June 2022, when income dropped by 29%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Redwood City Friends of Literacy 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 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Childrens Christian Academy ($264k), National Council on School Facilities ($264k) and Touch Heart Center for Development Inc ($264k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $1.3m against liabilities of $274k, net assets of $998k.