Childrens Literacy Foundation
Childrens Literacy Foundation shows strong asset growth and 0% reported officer compensation over a decade.
EIN: 20498154 · Waterbury Ctr, VT · NTEE: B92 · Updated: 2026-03-28
Is Childrens Literacy Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Childrens Literacy Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Childrens Literacy Foundation
Childrens Literacy Foundation (EIN: 20498154) is a nonprofit organization based in Waterbury Ctr, VT, classified under NTEE code B92. The organization reported total revenue of $1.4M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Childrens Literacy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Childrens Literacy Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Childrens Literacy Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Childrens Literacy Foundation consistently reports 0% officer compensation across all available filings, including the most recent period (202306). This indicates either a volunteer-led executive team or compensation structured in a way that is not categorized as officer compensation, which is highly favorable for a nonprofit of its size (latest revenue $1,378,580, assets $3,719,918).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Childrens Literacy Foundation:
- Strong asset growth, from $956,329 in 2019 to $3,631,642 in 2023, indicating financial stability.
- Consistent reporting of 0% officer compensation, demonstrating a high commitment to program spending and transparency.
- Healthy financial surplus in most years, with expenses generally lower than revenue (e.g., 2023 revenue $949,270 vs. expenses $890,064).
- Low liabilities relative to assets, suggesting minimal financial risk (e.g., 2023 liabilities $161,076 vs. assets $3,631,642).
- Clear focus on program services, with a high estimated percentage of spending directed towards its mission.
Frequently Asked Questions about Childrens Literacy Foundation
Is Childrens Literacy Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Childrens Literacy Foundation (EIN: 20498154) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Childrens Literacy Foundation spend its money?
Childrens Literacy Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Childrens Literacy Foundation tax-deductible?
Childrens Literacy Foundation is registered as a tax-exempt nonprofit (EIN: 20498154). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Childrens Literacy Foundation a good charity?
Yes, based on the available IRS 990 data, Childrens Literacy Foundation appears to be a very good charity. It demonstrates strong financial health with growing assets (from $956,329 in 2019 to $3,631,642 in 2023), efficient spending with a high percentage dedicated to programs, and excellent transparency with 0% reported officer compensation.
How has the organization's financial health changed over the past five years?
The organization's financial health has significantly improved over the past five years. Assets have grown substantially from $956,329 in 2019 to $3,631,642 in 2023. While revenue has fluctuated, the organization has consistently maintained a positive net income, indicating sound financial management.
What is the Childrens Literacy Foundation's approach to executive compensation?
The Childrens Literacy Foundation reports 0% officer compensation in all available IRS 990 filings. This suggests a highly efficient and mission-focused approach, where executive leadership may be volunteer-based or compensated through non-officer categories, ensuring more funds are directed to programs.
Filing History
IRS 990 filing history for Childrens Literacy Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Childrens Literacy Foundation's revenue has grown by 100%, moving from $475K to $949K. Total assets increased by 427.5% over the same period, from $689K to $3.6M. Total functional expenses rose by 113.8%, from $416K to $890K. In its most recent filing year (2023), Childrens Literacy Foundation reported a surplus of $59K, with revenue exceeding expenses. The organization holds $161K in liabilities against $3.6M in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $949K | $890K | $3.6M | $161K | — | View 990 |
| 2022 | $2.1M | $783K | $3.4M | $5K | — | View 990 |
| 2021 | $1.9M | $728K | $2.1M | $31K | — | View 990 |
| 2020 | $783K | $715K | $1.3M | $379K | — | View 990 |
| 2019 | $755K | $704K | $956K | $66K | — | View 990 |
| 2018 | $712K | $693K | $956K | $117K | — | — |
| 2017 | $696K | $592K | $990K | $170K | — | View 990 |
| 2016 | $571K | $546K | $794K | $79K | — | View 990 |
| 2015 | $542K | $526K | $691K | $905 | — | View 990 |
| 2014 | $531K | $549K | $679K | $5K | — | View 990 |
| 2013 | $493K | $458K | $757K | $64K | — | View 990 |
| 2012 | $475K | $416K | $689K | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $949K, expenses of $890K, and assets of $3.6M (revenue -55.2% year-over-year).
- 2022: Revenue of $2.1M, expenses of $783K, and assets of $3.4M (revenue +14.3% year-over-year).
- 2021: Revenue of $1.9M, expenses of $728K, and assets of $2.1M (revenue +137.0% year-over-year).
- 2020: Revenue of $783K, expenses of $715K, and assets of $1.3M (revenue +3.7% year-over-year).
- 2019: Revenue of $755K, expenses of $704K, and assets of $956K (revenue +6.1% year-over-year).
- 2018: Revenue of $712K, expenses of $693K, and assets of $956K (revenue +2.2% year-over-year).
- 2017: Revenue of $696K, expenses of $592K, and assets of $990K (revenue +22.0% year-over-year).
- 2016: Revenue of $571K, expenses of $546K, and assets of $794K (revenue +5.3% year-over-year).
- 2015: Revenue of $542K, expenses of $526K, and assets of $691K (revenue +2.2% year-over-year).
- 2014: Revenue of $531K, expenses of $549K, and assets of $679K (revenue +7.7% year-over-year).
- 2013: Revenue of $493K, expenses of $458K, and assets of $757K (revenue +3.8% year-over-year).
- 2012: Revenue of $475K, expenses of $416K, and assets of $689K.
Data Sources and Methodology
This transparency report for Childrens Literacy Foundation 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.