Literacy Center Inc
Literacy Center Inc: Transparent Spending and Strong Program Focus
EIN: 223180555 · Attleboro, MA · NTEE: B92Z · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $697K |
| Total Expenses | $569K |
| Program Spending | 60% |
| Net Assets | $1.5M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Literacy Center Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Literacy Center Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Literacy Center Inc in one place.
Form 990 Filing Summary
12 filing years are available, with latest revenue of $518K and expenses of $569K.
Revenue and Expenses
Literacy Center Inc reported $518K in revenue and $569K in expenses, a deficit of $51K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 3 red flags, and 1 strength are shown from structured and AI review.
Is Literacy Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $341K (60%) |
Across stored filings, Literacy Center Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 60% to programs | Below Average |
| Financial durability | Grade B | 12 stored filing years |
| Peer context | Compare with Joint Committee For Childrens Health Care In Everett | Massachusetts and Education context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Joint Committee For Childrens Health Care In Everett →All Massachusetts nonprofits
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Local and Sector Spokes
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Attleboro, MA nonprofitsEducation in Massachusetts
Education in Massachusetts
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Donation Decision Flow
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Keep the Investigation Moving
Literacy Center Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Literacy Center Inc
Literacy Center Inc (EIN: 223180555) is a nonprofit organization based in Attleboro, MA, classified under NTEE code B92Z. The organization reported total revenue of $697K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Literacy Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Literacy Center Inc is a small nonprofit that has been operating for 34 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $518K |
| Total Expenses | $569K |
| Surplus / Deficit | $-51,149 |
| Total Assets | $1.5M |
| Total Liabilities | $27K |
| Net Assets | $1.5M |
| Operating Margin | -9.9% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 31.4 months |
Financial Health Grade: B
In 2023, Literacy Center Inc reported a deficit of $51K with expenses exceeding revenue, holds 31.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Literacy Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.0% | +3.1% | +4.7% |
| 2022 | -12.7% | -12.0% | +5.8% |
| 2021 | +27.7% | +32.3% | +14.5% |
| 2020 | +36.6% | +22.7% | +26.0% |
| 2019 | +27.0% | +2.4% | +11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Center Inc with a Mission Score of 85 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: 20%
- programs: 60%
- fundraising: 20%
According to IRS 990 filings, Literacy Center Inc allocates its expenses as follows: admin: 20%, programs: 60%, fundraising: 20%. 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 $51K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
Executive compensation is aligned with industry standards, reflecting a fair and transparent approach.
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 Center Inc's IRS 990 filings:
- The organization has maintained a consistent program funding percentage over the years, indicating stability.
- Administrative expenses have decreased over the past few years, suggesting improved efficiency.
- Fundraising efforts have remained consistent, indicating a stable donor base.
Strengths
The following positive indicators were identified for Literacy Center Inc:
- The organization has a strong track record of maintaining a high percentage of program spending, which directly benefits the community.
Frequently Asked Questions about Literacy Center Inc
Is Literacy Center Inc a legitimate charity?
Literacy Center Inc (EIN: 223180555) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $697K. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Literacy Center Inc spend its money?
Literacy Center Inc directs 60% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Literacy Center Inc tax-deductible?
Literacy Center Inc is registered as a tax-exempt nonprofit (EIN: 223180555). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Literacy Center Inc's spending goes to programs?
Literacy Center Inc directs 60% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Literacy Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Literacy Center Inc is above average for NTEE category B92Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Literacy Center Inc located?
Literacy Center Inc is headquartered in Attleboro, Massachusetts and files with the IRS under EIN 223180555. It is classified under NTEE code B92Z.
How many years of IRS 990 filings does Literacy Center Inc have?
Literacy Center 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 $697K in total revenue.
What does Literacy Center Inc do?
Literacy Center Inc is a nonprofit organization in the Education sector, located in Attleboro, Massachusetts. It is classified under NTEE code B92Z.
How much revenue does Literacy Center Inc have?
Literacy Center Inc reported total revenue of $696,895. Based on 12 IRS 990 filings on record.
What are Literacy Center Inc's total assets?
Literacy Center Inc holds total assets of $1,633,847 as reported in IRS 990 filings.
Where is Literacy Center Inc located?
Literacy Center Inc is based in Attleboro, Massachusetts.
What is Literacy Center Inc's EIN?
Literacy Center Inc's Employer Identification Number (EIN) is 223180555. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Literacy Center Inc?
Literacy Center Inc is classified under NTEE code B92Z (Education).
Is Literacy Center Inc a registered 501(c)(3)?
Yes, Literacy Center Inc is recognized as a tax-exempt organization by the IRS. EIN: 223180555.
Does Literacy Center Inc file IRS Form 990?
Yes, Literacy Center Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Literacy Center Inc's revenue in 2023?
In the 202306 filing period, Literacy Center Inc reported total revenue of $517,861, total expenses of $569,010, and net assets of $1,490,815.
Is Literacy Center Inc's revenue growing or declining?
Literacy Center Inc's revenue is declining. Revenue went from $718,812 (202206) to $517,861 (202306), a -28.0% change. Based on 12 filings on record.
What is Literacy Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Literacy Center Inc covers tax period 202306. It shows revenue of $517,861, expenses of $569,010, total assets of $1,490,815, and liabilities of $27,117.
How much does Literacy Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Literacy Center Inc allocates approximately 60% of expenses to program services, 20% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Literacy Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Literacy Center Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 1 strength noted.
What are the red flags for Literacy Center Inc?
The following concerns were identified: The organization has maintained a consistent program funding percentage over the years, indicating stability.. Administrative expenses have decreased over the past few years, suggesting improved efficiency.. Fundraising efforts have remained consistent, indicating a stable donor base.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Literacy Center Inc's strengths?
Positive indicators for Literacy Center Inc include: The organization has a strong track record of maintaining a high percentage of program spending, which directly benefits the community.. These findings are derived from AI analysis of the organization's financial filings.
How does Literacy Center Inc compensate executives?
Executive compensation is aligned with industry standards, reflecting a fair and transparent approach. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Literacy Center Inc?
1. Detailed breakdown of spending is provided in the annual report. 2. Programs receive the majority of funding, indicating a strong focus on mission. 3. Administrative expenses are kept low, suggesting efficient operations. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the organization ensure transparency in its spending?
Literacy Center Inc provides a detailed breakdown of its spending in the annual report, clearly indicating how funds are allocated to programs, administration, and fundraising.
What measures does the organization take to ensure efficient operations?
Administrative expenses have been kept low and have decreased over the past few years, indicating that the organization is operating efficiently and focusing on its core mission.
How does the organization balance its fundraising efforts with program spending?
Fundraising efforts have remained consistent, allowing the organization to maintain a high percentage of program spending, which is crucial for its mission.
Filing History
IRS 990 filing history for Literacy Center Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Literacy Center Inc's revenue has grown by 50.1%, moving from $345K to $518K. Total assets increased by 479.7% over the same period, from $257K to $1.5M. Total functional expenses rose by 69.6%, from $336K to $569K. In its most recent filing year (2023), Literacy Center Inc reported a deficit of $51K, with expenses exceeding revenue. The organization holds $27K in liabilities against $1.5M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $518K | $569K | $1.5M | $27K | — | View 990 |
| 2022 | $719K | $552K | $1.4M | $31K | — | View 990 |
| 2021 | $823K | $627K | $1.3M | $38K | — | View 990 |
| 2020 | $645K | $474K | $1.2M | $87K | — | View 990 |
| 2019 | $472K | $386K | $932K | $20K | — | View 990 |
| 2018 | $371K | $377K | $836K | $13K | — | View 990 |
| 2017 | $398K | $371K | $841K | $21K | — | View 990 |
| 2016 | $597K | $354K | $787K | $17K | — | View 990 |
| 2015 | $601K | $350K | $532K | $13K | — | View 990 |
| 2014 | $352K | $347K | $285K | $15K | — | View 990 |
| 2013 | $342K | $327K | $277K | $13K | — | View 990 |
| 2012 | $345K | $336K | $257K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $518K, expenses of $569K, and assets of $1.5M (revenue -28.0% year-over-year).
- 2022: Revenue of $719K, expenses of $552K, and assets of $1.4M (revenue -12.7% year-over-year).
- 2021: Revenue of $823K, expenses of $627K, and assets of $1.3M (revenue +27.7% year-over-year).
- 2020: Revenue of $645K, expenses of $474K, and assets of $1.2M (revenue +36.6% year-over-year).
- 2019: Revenue of $472K, expenses of $386K, and assets of $932K (revenue +27.0% year-over-year).
- 2018: Revenue of $371K, expenses of $377K, and assets of $836K (revenue -6.8% year-over-year).
- 2017: Revenue of $398K, expenses of $371K, and assets of $841K (revenue -33.3% year-over-year).
- 2016: Revenue of $597K, expenses of $354K, and assets of $787K (revenue -0.7% year-over-year).
- 2015: Revenue of $601K, expenses of $350K, and assets of $532K (revenue +70.8% year-over-year).
- 2014: Revenue of $352K, expenses of $347K, and assets of $285K (revenue +3.0% year-over-year).
- 2013: Revenue of $342K, expenses of $327K, and assets of $277K (revenue -1.0% year-over-year).
- 2012: Revenue of $345K, expenses of $336K, and assets of $257K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Literacy Center Inc:
Data Sources and Methodology
This transparency report for Literacy Center 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.