Community Literacy Centers Inc
EIN: 731299581 · Oklahoma City, OK
| Metric | Value |
|---|---|
| Total Revenue | $325K |
| Total Expenses | $392K |
| Net Assets | $314K |
Is Community Literacy Centers Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Community Literacy Centers Inc
Community Literacy Centers Inc (EIN: 731299581) is a nonprofit organization based in Oklahoma City, OK. The organization reported total revenue of $325K and total assets of $263K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Literacy Centers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Literacy Centers Inc is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $303K |
| Total Expenses | $392K |
| Surplus / Deficit | $-88,696 |
| Total Assets | $316K |
| Total Liabilities | $2K |
| Net Assets | $314K |
| Operating Margin | -29.2% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 9.7 months |
Financial Health Grade: B
In 2023, Community Literacy Centers Inc reported a deficit of $89K with expenses exceeding revenue, holds 9.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Community Literacy Centers Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.6% | +4.8% | -5.9% |
| 2022 | -2.9% | -7.6% | -8.8% |
| 2021 | +24.3% | +2.0% | +24.9% |
| 2020 | -21.1% | +24.7% | -5.7% |
| 2019 | +16.8% | +6.9% | +30.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Community Literacy Centers Inc 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 Community Literacy Centers Inc 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 deficit of $89K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about Community Literacy Centers Inc
Is Community Literacy Centers Inc a legitimate charity?
Community Literacy Centers Inc (EIN: 731299581) is a registered tax-exempt nonprofit based in Oklahoma. It has 13 years of IRS 990 filings on record. Total revenue: $325K. No red flags identified. Financial health grade: B.
How does Community Literacy Centers Inc spend its money?
Community Literacy Centers Inc reported $325K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Community Literacy Centers Inc tax-deductible?
Community Literacy Centers Inc is registered as a tax-exempt nonprofit (EIN: 731299581). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Community Literacy Centers Inc located?
Community Literacy Centers Inc is headquartered in Oklahoma City, Oklahoma and files with the IRS under EIN 731299581.
How many years of IRS 990 filings does Community Literacy Centers Inc have?
Community Literacy Centers Inc has 13 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 $325K in total revenue.
Filing History
IRS 990 filing history for Community Literacy Centers Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Community Literacy Centers Inc's revenue has declined by 15.1%, moving from $357K to $303K. Total assets increased by 132.5% over the same period, from $136K to $316K. Total functional expenses fell by 3.1%, from $405K to $392K. In its most recent filing year (2023), Community Literacy Centers Inc reported a deficit of $89K, with expenses exceeding revenue. The organization holds $2K in liabilities against $316K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $314K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $303K | $392K | $316K | $2K | — | View 990 |
| 2022 | $373K | $374K | $335K | $27K | — | View 990 |
| 2021 | $384K | $405K | $368K | $112K | — | View 990 |
| 2020 | $309K | $397K | $295K | $70K | — | View 990 |
| 2019 | $392K | $318K | $313K | $0 | — | View 990 |
| 2018 | $335K | $298K | $239K | $0 | — | View 990 |
| 2017 | $281K | $250K | $202K | $0 | — | View 990 |
| 2016 | $278K | $288K | $170K | $0 | — | View 990 |
| 2015 | $293K | $281K | $181K | $0 | — | View 990 |
| 2014 | $296K | $292K | $169K | $8K | — | View 990 |
| 2013 | $383K | $332K | $165K | $8K | — | View 990 |
| 2012 | $397K | $419K | $110K | $4K | — | View 990 |
| 2011 | $357K | $405K | $136K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $303K, expenses of $392K, and assets of $316K (revenue -18.6% year-over-year).
- 2022: Revenue of $373K, expenses of $374K, and assets of $335K (revenue -2.9% year-over-year).
- 2021: Revenue of $384K, expenses of $405K, and assets of $368K (revenue +24.3% year-over-year).
- 2020: Revenue of $309K, expenses of $397K, and assets of $295K (revenue -21.1% year-over-year).
- 2019: Revenue of $392K, expenses of $318K, and assets of $313K (revenue +16.8% year-over-year).
- 2018: Revenue of $335K, expenses of $298K, and assets of $239K (revenue +19.2% year-over-year).
- 2017: Revenue of $281K, expenses of $250K, and assets of $202K (revenue +1.3% year-over-year).
- 2016: Revenue of $278K, expenses of $288K, and assets of $170K (revenue -5.4% year-over-year).
- 2015: Revenue of $293K, expenses of $281K, and assets of $181K (revenue -0.8% year-over-year).
- 2014: Revenue of $296K, expenses of $292K, and assets of $169K (revenue -22.7% year-over-year).
- 2013: Revenue of $383K, expenses of $332K, and assets of $165K (revenue -3.6% year-over-year).
- 2012: Revenue of $397K, expenses of $419K, and assets of $110K (revenue +11.1% year-over-year).
- 2011: Revenue of $357K, expenses of $405K, and assets of $136K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Literacy Centers Inc:
Data Sources and Methodology
This transparency report for Community Literacy Centers Inc 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.