Get Lit Words Ignite Inc
EIN: 264644018 · Los Angeles, CA · NTEE: A70
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $2.7M |
| Net Assets | $2.2M |
Is Get Lit Words Ignite Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Get Lit Words Ignite Inc
Get Lit Words Ignite Inc (EIN: 264644018) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code A70. The organization reported total revenue of $2.8M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Get Lit Words Ignite Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Get Lit Words Ignite Inc is a mid-size nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 26.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$1.0M |
| Total Assets | $2.7M |
| Total Liabilities | $455K |
| Net Assets | $2.2M |
| Operating Margin | 27.1% |
| Debt-to-Asset Ratio | 17.0% |
| Months of Reserves | 11.7 months |
Financial Health Grade: A
In 2023, Get Lit Words Ignite Inc reported a surplus of $1.0M with revenue exceeding expenses, holds 11.7 months of operating reserves (strong position), has a debt-to-asset ratio of 17.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Get Lit Words Ignite Inc's revenue has grown at a compound annual growth rate (CAGR) of 26.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +61.3% | +26.8% | +100.9% |
| 2022 | +15.9% | +54.8% | +12.8% |
| 2021 | +58.9% | +13.7% | +110.3% |
| 2020 | +4.5% | -0.5% | +42.2% |
| 2019 | +6.7% | +11.4% | -7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Get Lit Words Ignite 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 Get Lit Words Ignite 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 surplus of $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.0%.
Frequently Asked Questions about Get Lit Words Ignite Inc
Is Get Lit Words Ignite Inc a legitimate charity?
Get Lit Words Ignite Inc (EIN: 264644018) is a registered tax-exempt nonprofit based in California. It has 12 years of IRS 990 filings on record. Total revenue: $2.8M. No red flags identified. Financial health grade: A.
How does Get Lit Words Ignite Inc spend its money?
Get Lit Words Ignite Inc reported $2.8M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Get Lit Words Ignite Inc tax-deductible?
Get Lit Words Ignite Inc is registered as a tax-exempt nonprofit (EIN: 264644018). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Get Lit Words Ignite Inc located?
Get Lit Words Ignite Inc is headquartered in Los Angeles, California and files with the IRS under EIN 264644018. It is classified under NTEE code A70.
How many years of IRS 990 filings does Get Lit Words Ignite Inc have?
Get Lit Words Ignite Inc has 12 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 $2.8M in total revenue.
Filing History
IRS 990 filing history for Get Lit Words Ignite Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Get Lit Words Ignite Inc's revenue has grown by 1181.6%, moving from $292K to $3.7M. Total assets increased by 10177.6% over the same period, from $26K to $2.7M. Total functional expenses rose by 720.2%, from $333K to $2.7M. In its most recent filing year (2023), Get Lit Words Ignite Inc reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $455K in liabilities against $2.7M in assets (debt-to-asset ratio: 17.0%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $2.7M | $2.7M | $455K | — | View 990 |
| 2022 | $2.3M | $2.2M | $1.3M | $124K | — | View 990 |
| 2021 | $2.0M | $1.4M | $1.2M | $143K | — | View 990 |
| 2020 | $1.3M | $1.2M | $561K | $138K | — | View 990 |
| 2019 | $1.2M | $1.2M | $395K | $2K | — | View 990 |
| 2018 | $1.1M | $1.1M | $424K | $10K | — | View 990 |
| 2017 | $930K | $877K | $392K | $6K | — | View 990 |
| 2016 | $835K | $714K | $339K | $6K | — | View 990 |
| 2015 | $597K | $554K | $219K | $7K | — | View 990 |
| 2014 | $492K | $380K | $175K | $5K | — | View 990 |
| 2013 | $386K | $355K | $57K | $0 | — | View 990 |
| 2012 | $292K | $333K | $26K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $2.7M, and assets of $2.7M (revenue +61.3% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.2M, and assets of $1.3M (revenue +15.9% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.4M, and assets of $1.2M (revenue +58.9% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.2M, and assets of $561K (revenue +4.5% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $395K (revenue +6.7% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $424K (revenue +21.7% year-over-year).
- 2017: Revenue of $930K, expenses of $877K, and assets of $392K (revenue +11.4% year-over-year).
- 2016: Revenue of $835K, expenses of $714K, and assets of $339K (revenue +40.0% year-over-year).
- 2015: Revenue of $597K, expenses of $554K, and assets of $219K (revenue +21.2% year-over-year).
- 2014: Revenue of $492K, expenses of $380K, and assets of $175K (revenue +27.5% year-over-year).
- 2013: Revenue of $386K, expenses of $355K, and assets of $57K (revenue +32.0% year-over-year).
- 2012: Revenue of $292K, expenses of $333K, and assets of $26K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Get Lit Words Ignite Inc:
Data Sources and Methodology
This transparency report for Get Lit Words Ignite 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.