Literacy Assistance Center
Literacy Assistance Center shows consistent revenue growth and strong program focus with no reported officer compensation.
EIN: 133179618 · New York, NY · NTEE: B61B · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $2.6M |
| Program Spending | 88% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.5M |
| Transparency Score | 92/100 |
Is Literacy Assistance Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Literacy Assistance Center directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Literacy Assistance Center
Literacy Assistance Center (EIN: 133179618) is a nonprofit organization based in New York, NY, classified under NTEE code B61B. The organization reported total revenue of $2.4M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Literacy Assistance Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Literacy Assistance Center is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.6M |
| Surplus / Deficit | +$52K |
| Total Assets | $1.9M |
| Total Liabilities | $361K |
| Net Assets | $1.5M |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 19.1% |
| Months of Reserves | 8.9 months |
Financial Health Grade: A
In 2023, Literacy Assistance Center reported a surplus of $52K with revenue exceeding expenses, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 19.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Literacy Assistance Center's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.2% | +11.8% | +4.9% |
| 2022 | -4.0% | +6.0% | +10.8% |
| 2021 | +15.4% | +1.6% | +2.8% |
| 2020 | +0.2% | -0.1% | +15.9% |
| 2019 | +5.8% | +8.6% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1988 |
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 Literacy Assistance Center with a Mission Score of 92 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: 88%
- fundraising: 5%
According to IRS 990 filings, Literacy Assistance Center allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $52K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly unusual for an organization of its size with over $2 million 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 Literacy Assistance Center's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Literacy Assistance Center:
- Consistent revenue growth, increasing from $1.6M in 2016 to $2.6M in 2023.
- Strong and growing asset base, reaching $1.89M in 2023.
- No reported officer compensation across all available filings, indicating high efficiency in executive overhead.
- Expenses consistently track revenues, suggesting efficient deployment of funds for mission-related activities.
- Stable financial operations with positive net assets and manageable liabilities.
Frequently Asked Questions about Literacy Assistance Center
Is Literacy Assistance Center a legitimate charity?
Literacy Assistance Center (EIN: 133179618) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.4M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Literacy Assistance Center spend its money?
Literacy Assistance Center directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Literacy Assistance Center tax-deductible?
Literacy Assistance Center is registered as a tax-exempt nonprofit (EIN: 133179618). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Literacy Assistance Center CEO make?
Literacy Assistance Center's highest-compensated officer earns $2 annually. The organization reported $2.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Literacy Assistance Center's spending goes to programs?
Literacy Assistance Center directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Literacy Assistance Center compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Literacy Assistance Center is above average for NTEE category B61B nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Literacy Assistance Center located?
Literacy Assistance Center is headquartered in New York, New York and files with the IRS under EIN 133179618. It is classified under NTEE code B61B.
How many years of IRS 990 filings does Literacy Assistance Center have?
Literacy Assistance Center 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 $2.4M in total revenue.
Is Literacy Assistance Center a good charity?
Based on its financial data, the Literacy Assistance Center appears to be a good charity. It demonstrates consistent revenue growth, strong program spending, and notably, no reported officer compensation, suggesting a high degree of financial efficiency and dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved, with revenues growing from $1,676,981 in 2016 to $2,612,800 in 2023, and assets increasing from $1,288,164 to $1,893,165 over the same period. Liabilities have remained manageable relative to assets.
What is the organization's approach to executive compensation?
The Literacy Assistance Center reports 0% officer compensation in all available IRS 990 filings, indicating that its top leadership is not compensated through traditional officer salaries, which is a strong positive for resource allocation to programs.
Filing History
IRS 990 filing history for Literacy Assistance Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Literacy Assistance Center's revenue has declined by 6.2%, moving from $2.8M to $2.6M. Total assets increased by 29.4% over the same period, from $1.5M to $1.9M. Total functional expenses fell by 18.6%, from $3.1M to $2.6M. In its most recent filing year (2023), Literacy Assistance Center reported a surplus of $52K, with revenue exceeding expenses. The organization holds $361K in liabilities against $1.9M in assets (debt-to-asset ratio: 19.1%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.6M | $1.9M | $361K | — | View 990 |
| 2022 | $2.3M | $2.3M | $1.8M | $325K | — | View 990 |
| 2021 | $2.4M | $2.2M | $1.6M | $206K | — | View 990 |
| 2020 | $2.1M | $2.1M | $1.6M | $446K | — | View 990 |
| 2019 | $2.1M | $2.1M | $1.4M | $220K | — | View 990 |
| 2018 | $2.0M | $2.0M | $1.4M | $234K | — | View 990 |
| 2017 | $2.0M | $1.9M | $1.4M | $258K | — | View 990 |
| 2016 | $1.7M | $1.7M | $1.3M | $203K | — | View 990 |
| 2015 | $2.1M | $2.0M | $1.3M | $160K | — | View 990 |
| 2014 | $2.4M | $2.3M | $1.4M | $439K | — | View 990 |
| 2013 | $2.3M | $2.3M | $1.4M | $490K | — | View 990 |
| 2012 | $2.4M | $2.5M | $1.4M | $481K | — | View 990 |
| 2011 | $2.8M | $3.1M | $1.5M | $476K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.6M, and assets of $1.9M (revenue +11.2% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.3M, and assets of $1.8M (revenue -4.0% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.2M, and assets of $1.6M (revenue +15.4% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.1M, and assets of $1.6M (revenue +0.2% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.1M, and assets of $1.4M (revenue +5.8% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.0M, and assets of $1.4M (revenue +2.3% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.9M, and assets of $1.4M (revenue +16.6% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.7M, and assets of $1.3M (revenue -18.6% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.0M, and assets of $1.3M (revenue -12.6% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.3M, and assets of $1.4M (revenue +0.5% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.3M, and assets of $1.4M (revenue -2.1% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.5M, and assets of $1.4M (revenue -14.0% year-over-year).
- 2011: Revenue of $2.8M, expenses of $3.1M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Literacy Assistance Center:
Data Sources and Methodology
This transparency report for Literacy Assistance Center 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.