Champions For Literacy
EIN: 463588150 · Memphis, TN · NTEE: B99
| Metric | Value |
|---|---|
| Total Revenue | $4.2M |
| Total Expenses | $1.4M |
| Net Assets | $193K |
Is Champions For Literacy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Champions For Literacy
Champions For Literacy (EIN: 463588150) is a nonprofit organization based in Memphis, TN, classified under NTEE code B99. The organization reported total revenue of $4.2M and total assets of $666K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Champions For Literacy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Champions For Literacy is a mid-size nonprofit that has been operating for 12 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 27.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$92K |
| Total Assets | $273K |
| Total Liabilities | $80K |
| Net Assets | $193K |
| Operating Margin | 6.2% |
| Debt-to-Asset Ratio | 29.4% |
| Months of Reserves | 2.4 months |
Financial Health Grade: A
In 2023, Champions For Literacy reported a surplus of $92K with revenue exceeding expenses, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 29.4% (moderate leverage).
Financial Trends
Over 9 years of filings (2015–2023), Champions For Literacy's revenue has grown at a compound annual growth rate (CAGR) of 27.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +67.6% | +59.6% | +160.7% |
| 2022 | +7.6% | +10.1% | +13.1% |
| 2021 | +6.8% | -4.4% | +50.6% |
| 2020 | +4.6% | +13.8% | -52.6% |
| 2019 | +80.0% | +89.1% | +20.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Champions For Literacy has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Champions For Literacy with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $92K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.4%.
Frequently Asked Questions about Champions For Literacy
Is Champions For Literacy a legitimate charity?
Based on AI analysis of IRS 990 filings, Champions For Literacy (EIN: 463588150) insufficient data. 0 red flags identified, 0 strengths noted.
How does Champions For Literacy spend its money?
Detailed spending breakdown data is not yet available for Champions For Literacy. Check back for updated IRS 990 analysis.
Are donations to Champions For Literacy tax-deductible?
Champions For Literacy is registered as a tax-exempt nonprofit (EIN: 463588150). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Champions For Literacy located?
Champions For Literacy is headquartered in Memphis, Tennessee and files with the IRS under EIN 463588150. It is classified under NTEE code B99.
How many years of IRS 990 filings does Champions For Literacy have?
Champions For Literacy has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.2M in total revenue.
Filing History
IRS 990 filing history for Champions For Literacy showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Champions For Literacy's revenue has grown by 576.4%, moving from $218K to $1.5M. Total assets increased by 429.4% over the same period, from $52K to $273K. Total functional expenses rose by 620.6%, from $192K to $1.4M. In its most recent filing year (2023), Champions For Literacy reported a surplus of $92K, with revenue exceeding expenses. The organization holds $80K in liabilities against $273K in assets (debt-to-asset ratio: 29.4%), resulting in net assets of $193K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.4M | $273K | $80K | — | View 990 |
| 2022 | $881K | $867K | $105K | $4K | — | View 990 |
| 2021 | $818K | $788K | $93K | $6K | — | — |
| 2020 | $766K | $824K | $62K | $5K | — | — |
| 2019 | $732K | $724K | $130K | $16K | — | View 990 |
| 2018 | $407K | $383K | $108K | $2K | — | View 990 |
| 2017 | $230K | $166K | $90K | $8K | — | View 990 |
| 2016 | $203K | $227K | $38K | $21K | — | View 990 |
| 2015 | $218K | $192K | $52K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.4M, and assets of $273K (revenue +67.6% year-over-year).
- 2022: Revenue of $881K, expenses of $867K, and assets of $105K (revenue +7.6% year-over-year).
- 2021: Revenue of $818K, expenses of $788K, and assets of $93K (revenue +6.8% year-over-year).
- 2020: Revenue of $766K, expenses of $824K, and assets of $62K (revenue +4.6% year-over-year).
- 2019: Revenue of $732K, expenses of $724K, and assets of $130K (revenue +80.0% year-over-year).
- 2018: Revenue of $407K, expenses of $383K, and assets of $108K (revenue +76.6% year-over-year).
- 2017: Revenue of $230K, expenses of $166K, and assets of $90K (revenue +13.2% year-over-year).
- 2016: Revenue of $203K, expenses of $227K, and assets of $38K (revenue -6.8% year-over-year).
- 2015: Revenue of $218K, expenses of $192K, and assets of $52K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Champions For Literacy:
Data Sources and Methodology
This transparency report for Champions For Literacy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.