Literacy Chippewa Valley
EIN: 391657040 · Eau Claire, WI · NTEE: B60
| Metric | Value |
|---|---|
| Total Revenue | $245K |
| Total Expenses | $293K |
| Net Assets | $279K |
Is Literacy Chippewa Valley Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Literacy Chippewa Valley
Literacy Chippewa Valley (EIN: 391657040) is a nonprofit organization based in Eau Claire, WI, classified under NTEE code B60. The organization reported total revenue of $245K and total assets of $220K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Literacy Chippewa Valley's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Literacy Chippewa Valley is a small nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $263K |
| Total Expenses | $293K |
| Surplus / Deficit | $-29,807 |
| Total Assets | $293K |
| Total Liabilities | $14K |
| Net Assets | $279K |
| Operating Margin | -11.3% |
| Debt-to-Asset Ratio | 4.9% |
| Months of Reserves | 12.0 months |
Financial Health Grade: B
In 2023, Literacy Chippewa Valley reported a deficit of $30K with expenses exceeding revenue, holds 12.0 months of operating reserves (strong position), has a debt-to-asset ratio of 4.9% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Literacy Chippewa Valley's revenue has declined at a compound annual growth rate (CAGR) of -5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.6% | +15.2% | -8.6% |
| 2022 | +17.9% | +12.0% | -7.0% |
| 2021 | +13.9% | -11.1% | +6.3% |
| 2020 | -25.8% | -8.8% | -3.8% |
| 2019 | -31.2% | -10.3% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Literacy Chippewa Valley 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 Literacy Chippewa Valley 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 $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.9%.
Frequently Asked Questions about Literacy Chippewa Valley
Is Literacy Chippewa Valley a legitimate charity?
Based on AI analysis of IRS 990 filings, Literacy Chippewa Valley (EIN: 391657040) insufficient data. 0 red flags identified, 0 strengths noted.
How does Literacy Chippewa Valley spend its money?
Detailed spending breakdown data is not yet available for Literacy Chippewa Valley. Check back for updated IRS 990 analysis.
Are donations to Literacy Chippewa Valley tax-deductible?
Literacy Chippewa Valley is registered as a tax-exempt nonprofit (EIN: 391657040). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Literacy Chippewa Valley located?
Literacy Chippewa Valley is headquartered in Eau Claire, Wisconsin and files with the IRS under EIN 391657040. It is classified under NTEE code B60.
How many years of IRS 990 filings does Literacy Chippewa Valley have?
Literacy Chippewa Valley 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 $245K in total revenue.
Filing History
IRS 990 filing history for Literacy Chippewa Valley showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Literacy Chippewa Valley's revenue has declined by 46.3%, moving from $490K to $263K. Total assets decreased by 3.1% over the same period, from $302K to $293K. Total functional expenses fell by 40.4%, from $491K to $293K. In its most recent filing year (2023), Literacy Chippewa Valley reported a deficit of $30K, with expenses exceeding revenue. The organization holds $14K in liabilities against $293K in assets (debt-to-asset ratio: 4.9%), resulting in net assets of $279K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $263K | $293K | $293K | $14K | — | View 990 |
| 2022 | $278K | $254K | $320K | $15K | — | View 990 |
| 2021 | $236K | $227K | $344K | $48K | — | View 990 |
| 2020 | $207K | $255K | $324K | $56K | — | View 990 |
| 2019 | $279K | $280K | $337K | $19K | — | View 990 |
| 2018 | $406K | $312K | $324K | $10K | — | View 990 |
| 2017 | $347K | $384K | $243K | $27K | — | View 990 |
| 2016 | $325K | $468K | $266K | $20K | — | View 990 |
| 2015 | $562K | $510K | $425K | $36K | — | View 990 |
| 2014 | $534K | $480K | $346K | $8K | — | View 990 |
| 2013 | $458K | $482K | $279K | $2K | — | View 990 |
| 2012 | $490K | $491K | $302K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $263K, expenses of $293K, and assets of $293K (revenue -5.6% year-over-year).
- 2022: Revenue of $278K, expenses of $254K, and assets of $320K (revenue +17.9% year-over-year).
- 2021: Revenue of $236K, expenses of $227K, and assets of $344K (revenue +13.9% year-over-year).
- 2020: Revenue of $207K, expenses of $255K, and assets of $324K (revenue -25.8% year-over-year).
- 2019: Revenue of $279K, expenses of $280K, and assets of $337K (revenue -31.2% year-over-year).
- 2018: Revenue of $406K, expenses of $312K, and assets of $324K (revenue +17.1% year-over-year).
- 2017: Revenue of $347K, expenses of $384K, and assets of $243K (revenue +6.8% year-over-year).
- 2016: Revenue of $325K, expenses of $468K, and assets of $266K (revenue -42.2% year-over-year).
- 2015: Revenue of $562K, expenses of $510K, and assets of $425K (revenue +5.2% year-over-year).
- 2014: Revenue of $534K, expenses of $480K, and assets of $346K (revenue +16.6% year-over-year).
- 2013: Revenue of $458K, expenses of $482K, and assets of $279K (revenue -6.5% year-over-year).
- 2012: Revenue of $490K, expenses of $491K, and assets of $302K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Literacy Chippewa Valley:
Data Sources and Methodology
This transparency report for Literacy Chippewa Valley 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.