Is Literary Classics Of The United States Inc Legit?
Quick charity verification for Literary Classics Of The United States Inc (EIN: 132986916)
Verdict: Literary Classics Of The United States Inc appears trustworthy
95/100Mission Score
$8.6MRevenue
$37.5MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, nearly doubling from $18.4M in 2014 to $35.2M in 2023.
Reports 0% officer compensation across all available filings, indicating high efficiency and dedication of funds to mission.
Strong financial stability with liabilities consistently a small fraction of total assets.
Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency.
Generally positive net income over the past decade, contributing to reserves and growth.
Spending Breakdown
How Literary Classics Of The United States Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Literary Classics Of The United States Inc
Is Literary Classics Of The United States Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Literary Classics Of The United States Inc (EIN: 132986916) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Literary Classics Of The United States Inc a good charity to donate to?
Literary Classics Of The United States Inc has a Mission Score of 95/100. Revenue: $8.6M. Assets: $37.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Literary Classics Of The United States Inc?
The Employer Identification Number (EIN) for Literary Classics Of The United States Inc is 132986916. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Literary Classics Of The United States Inc spend its money?
Literary Classics Of The United States Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Literary Classics Of The United States Inc's tax-exempt status?
You can verify Literary Classics Of The United States Inc's tax-exempt status using EIN 132986916 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Literary Classics Of The United States Inc demonstrates consistent financial health with a strong asset base and generally positive net income over the past decade. In the latest filing (202306), the organization reported revenues of $5,975,822 against expenses of $6,101,128, indicating a slight operational deficit for that period. However, this is offset by substantial assets of $35,285,749, showing long-term financial stability. The organization's assets have grown significantly from $18,462,418 in 2014 to over $35 million in 2023, reflecting sound financial management and growth.
The organization's spending efficiency appears robust, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that a very high proportion of funds are directed towards programmatic activities rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the absence of officer compensation is a strong indicator of efficient resource allocation. The organization's liabilities remain a small fraction of its assets, further underscoring its financial stability.
In terms of transparency, the consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to public accountability. The readily available financial data allows for a clear overview of the organization's financial trajectory. The lack of reported officer compensation is a significant positive for transparency and public trust, as it indicates that leadership is not drawing salaries from the organization's funds, which is highly unusual and commendable for a nonprofit of this size.