Literacy Coalition Of Central Texas
EIN: 800078300 · Austin, TX · NTEE: B036
Is Literacy Coalition Of Central Texas Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Literacy Coalition Of Central Texas
Literacy Coalition Of Central Texas (EIN: 800078300) is a nonprofit organization based in Austin, TX, classified under NTEE code B036. The organization reported total revenue of $796K and total assets of $242K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Literacy Coalition Of Central Texas's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Literacy Coalition Of Central Texas is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 12.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-65,643 |
| Total Assets | $229K |
| Total Liabilities | $144K |
| Net Assets | $85K |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 63.0% |
| Months of Reserves | 1.4 months |
Financial Health Grade: D
In 2023, Literacy Coalition Of Central Texas reported a deficit of $66K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 63.0% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Literacy Coalition Of Central Texas's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.4% | -25.4% | -58.0% |
| 2022 | +1.3% | +3.1% | -13.4% |
| 2021 | -29.4% | -13.2% | -40.5% |
| 2020 | +8.7% | +3.6% | +103.2% |
| 2019 | +108.6% | +72.1% | +8.6% |
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 Coalition Of Central Texas 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 Coalition Of Central Texas 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 $66K, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.0%.
Frequently Asked Questions about Literacy Coalition Of Central Texas
Is Literacy Coalition Of Central Texas a legitimate charity?
Based on AI analysis of IRS 990 filings, Literacy Coalition Of Central Texas (EIN: 800078300) insufficient data. 0 red flags identified, 0 strengths noted.
How does Literacy Coalition Of Central Texas spend its money?
Detailed spending breakdown data is not yet available for Literacy Coalition Of Central Texas. Check back for updated IRS 990 analysis.
Are donations to Literacy Coalition Of Central Texas tax-deductible?
Literacy Coalition Of Central Texas is registered as a tax-exempt nonprofit (EIN: 800078300). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Literacy Coalition Of Central Texas showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Literacy Coalition Of Central Texas's revenue has grown by 379.3%, moving from $390K to $1.9M. Total assets increased by 8.1% over the same period, from $212K to $229K. Total functional expenses rose by 669.5%, from $251K to $1.9M. In its most recent filing year (2023), Literacy Coalition Of Central Texas reported a deficit of $66K, with expenses exceeding revenue. The organization holds $144K in liabilities against $229K in assets (debt-to-asset ratio: 63.0%), resulting in net assets of $85K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.9M | $229K | $144K | — | — |
| 2022 | $2.3M | $2.6M | $545K | $395K | — | View 990 |
| 2021 | $2.2M | $2.5M | $630K | $149K | — | — |
| 2020 | $3.2M | $2.9M | $1.1M | $297K | — | View 990 |
| 2019 | $2.9M | $2.8M | $521K | $27K | — | View 990 |
| 2018 | $1.4M | $1.6M | $480K | $102K | — | View 990 |
| 2017 | $2.9M | $2.7M | $690K | $84K | — | View 990 |
| 2016 | $2.4M | $2.4M | $424K | $35K | — | View 990 |
| 2015 | $2.0M | $2.0M | $447K | $50K | — | View 990 |
| 2014 | $1.6M | $1.7M | $412K | $37K | — | View 990 |
| 2013 | $774K | $781K | $190K | $39K | — | View 990 |
| 2012 | $1.0M | $709K | $374K | $17K | — | View 990 |
| 2011 | $361K | $501K | $40K | $5K | — | View 990 |
| 2010 | $390K | $251K | $212K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.9M, and assets of $229K (revenue -17.4% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.6M, and assets of $545K (revenue +1.3% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.5M, and assets of $630K (revenue -29.4% year-over-year).
- 2020: Revenue of $3.2M, expenses of $2.9M, and assets of $1.1M (revenue +8.7% year-over-year).
- 2019: Revenue of $2.9M, expenses of $2.8M, and assets of $521K (revenue +108.6% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.6M, and assets of $480K (revenue -52.6% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.7M, and assets of $690K (revenue +21.0% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.4M, and assets of $424K (revenue +19.1% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.0M, and assets of $447K (revenue +24.6% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.7M, and assets of $412K (revenue +111.9% year-over-year).
- 2013: Revenue of $774K, expenses of $781K, and assets of $190K (revenue -25.0% year-over-year).
- 2012: Revenue of $1.0M, expenses of $709K, and assets of $374K (revenue +185.6% year-over-year).
- 2011: Revenue of $361K, expenses of $501K, and assets of $40K (revenue -7.3% year-over-year).
- 2010: Revenue of $390K, expenses of $251K, and assets of $212K.
Data Sources and Methodology
This transparency report for Literacy Coalition Of Central Texas 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.