Gary Literacy Coalition Inc
Gary Literacy Coalition Inc. faces severe financial distress with consistent deficits and near-zero assets.
EIN: 201323689 · Gary, IN · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $123K |
| Total Expenses | $161K |
| Program Spending | 60% |
| CEO/Top Officer Pay | $120,000 |
| Net Assets | $-57,641 |
| Transparency Score | 30/100 |
Is Gary Literacy Coalition Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gary Literacy Coalition Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Gary Literacy Coalition Inc
Gary Literacy Coalition Inc (EIN: 201323689) is a nonprofit organization based in Gary, IN, classified under NTEE code B90. The organization reported total revenue of $123K and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gary Literacy Coalition Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gary Literacy Coalition Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $123K |
| Total Expenses | $161K |
| Surplus / Deficit | $-37,141 |
| Total Assets | $1 |
| Total Liabilities | $58K |
| Net Assets | $-57,641 |
| Operating Margin | -30.1% |
| Debt-to-Asset Ratio | 5764200.0% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2023, Gary Literacy Coalition Inc reported a deficit of $37K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 5764200.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gary Literacy Coalition Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +109.0% | -5.3% | +0.0% |
| 2022 | -8.9% | +5.6% | -100.0% |
| 2021 | +34.3% | +321.3% | -51.6% |
| 2020 | -56.6% | -28.3% | +5.8% |
| 2019 | +5.5% | -22.2% | +49.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gary Literacy Coalition Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Gary Literacy Coalition Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5764200.0%.
Executive Compensation Analysis
No officer compensation has been reported across all 13 filings, suggesting either a fully volunteer-led organization or that executive compensation is not being disclosed, which could be a transparency concern for an organization with over $120,000 in annual revenue.
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.
Red Flags
The following concerns were identified during AI analysis of Gary Literacy Coalition Inc's IRS 990 filings:
- Consistent operating deficits for the past three years (e.g., $160,514 expenses vs. $123,373 revenue in 202312).
- Drastic decline in assets from $185,839 in 202012 to $1 in 202312.
- Significant increase in liabilities to $57,642 in 202312, indicating potential unpaid obligations.
- No reported officer compensation across all filings, which could be a transparency concern for an organization of this size.
- Negative net assets (assets minus liabilities) in the latest filing (-$57,641).
Strengths
The following positive indicators were identified for Gary Literacy Coalition Inc:
- Long operating history with 13 filings.
- Focus on a critical community need (literacy).
Frequently Asked Questions about Gary Literacy Coalition Inc
Is Gary Literacy Coalition Inc a legitimate charity?
Gary Literacy Coalition Inc (EIN: 201323689) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 30/100. It has 13 years of IRS 990 filings on record. Total revenue: $123K. 5 red flags identified. 2 strengths noted. Financial health grade: D.
How does Gary Literacy Coalition Inc spend its money?
Gary Literacy Coalition Inc directs 60% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to Gary Literacy Coalition Inc tax-deductible?
Gary Literacy Coalition Inc is registered as a tax-exempt nonprofit (EIN: 201323689). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gary Literacy Coalition Inc CEO make?
Gary Literacy Coalition Inc's highest-compensated officer earns $120,000 annually. The organization reported $123K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gary Literacy Coalition Inc's spending goes to programs?
Gary Literacy Coalition Inc directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Gary Literacy Coalition Inc compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Gary Literacy Coalition Inc is below average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gary Literacy Coalition Inc located?
Gary Literacy Coalition Inc is headquartered in Gary, Indiana and files with the IRS under EIN 201323689. It is classified under NTEE code B90.
How many years of IRS 990 filings does Gary Literacy Coalition Inc have?
Gary Literacy Coalition 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 $123K in total revenue.
How does Gary Literacy Coalition Inc. fund its operations given consistent deficits?
The organization has consistently spent more than it earned in recent years (e.g., $160,514 expenses vs. $123,373 revenue in 202312). This suggests they are either drawing down on previously accumulated assets (which are now depleted to $1) or operating on credit, as indicated by the rising liabilities ($57,642 in 202312).
What caused the drastic decline in assets from $185,839 to $1?
The significant drop in assets from $185,839 in 202012 to $1 in 202212 and 202312, coupled with consistent operating deficits, indicates that the organization has likely used its reserves to cover ongoing expenses, leading to a severe depletion of its financial resources.
Is the organization at risk of insolvency?
With assets of only $1 and liabilities of $57,642 in the latest filing, combined with persistent operating deficits, Gary Literacy Coalition Inc. appears to be in a precarious financial position and faces a high risk of insolvency if current trends continue.
Filing History
IRS 990 filing history for Gary Literacy Coalition Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gary Literacy Coalition Inc's revenue has grown by 107.1%, moving from $60K to $123K. Total functional expenses rose by 37.1%, from $117K to $161K. In its most recent filing year (2023), Gary Literacy Coalition Inc reported a deficit of $37K, with expenses exceeding revenue. The organization holds $58K in liabilities against $1 in assets (debt-to-asset ratio: 5764200.0%), resulting in net assets of $-57,641.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $123K | $161K | $1 | $58K | — | — |
| 2022 | $59K | $170K | $1 | $21K | — | View 990 |
| 2021 | $65K | $161K | $90K | $0 | — | View 990 |
| 2020 | $48K | $38K | $186K | $0 | — | View 990 |
| 2019 | $111K | $53K | $176K | $0 | — | View 990 |
| 2018 | $106K | $68K | $118K | $0 | — | View 990 |
| 2017 | $98K | $56K | $42K | $0 | — | View 990 |
| 2016 | $79K | $36K | $43K | $0 | — | View 990 |
| 2015 | $77K | $41K | $1 | $0 | — | View 990 |
| 2014 | $74K | $38K | $-40,760 | $0 | — | View 990 |
| 2013 | $68K | $35K | $-76,562 | $0 | — | View 990 |
| 2012 | $54K | $42K | $-109,271 | $0 | — | View 990 |
| 2011 | $60K | $117K | $-121,535 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $123K, expenses of $161K, and assets of $1 (revenue +109.0% year-over-year).
- 2022: Revenue of $59K, expenses of $170K, and assets of $1 (revenue -8.9% year-over-year).
- 2021: Revenue of $65K, expenses of $161K, and assets of $90K (revenue +34.3% year-over-year).
- 2020: Revenue of $48K, expenses of $38K, and assets of $186K (revenue -56.6% year-over-year).
- 2019: Revenue of $111K, expenses of $53K, and assets of $176K (revenue +5.5% year-over-year).
- 2018: Revenue of $106K, expenses of $68K, and assets of $118K (revenue +7.7% year-over-year).
- 2017: Revenue of $98K, expenses of $56K, and assets of $42K (revenue +23.3% year-over-year).
- 2016: Revenue of $79K, expenses of $36K, and assets of $43K (revenue +3.4% year-over-year).
- 2015: Revenue of $77K, expenses of $41K, and assets of $1 (revenue +4.2% year-over-year).
- 2014: Revenue of $74K, expenses of $38K, and assets of $-40,760 (revenue +8.9% year-over-year).
- 2013: Revenue of $68K, expenses of $35K, and assets of $-76,562 (revenue +25.1% year-over-year).
- 2012: Revenue of $54K, expenses of $42K, and assets of $-109,271 (revenue -9.2% year-over-year).
- 2011: Revenue of $60K, expenses of $117K, and assets of $-121,535.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gary Literacy Coalition Inc:
Data Sources and Methodology
This transparency report for Gary Literacy Coalition 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.