Literacyworks

Analysis

Literacyworks is a registered charity in United States, based in Petaluma, CA. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Literacyworks reported income of $753k and spending of $890k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $295k to $753k (+155%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Literacyworks sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Canterbury Classical School ($753k), Peer Solutions Inc ($754k) and Inspire Success Inc ($753k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $55k (6.1% of expenses). Other salaries and wages came to $695k. At year end it held assets of $51k against liabilities of $4,989, net assets of $46k. It reported 3 employees.