Literacy Inc
Literacy Inc. shows consistent revenue and zero officer compensation, with recent financial fluctuations.
EIN: 133911331 · New York, NY · NTEE: B92 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.0M |
| Total Expenses | $5.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $6.0M |
| Transparency Score | 90/100 |
Is Literacy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Literacy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Literacy Inc
Literacy Inc (EIN: 133911331) is a nonprofit organization based in New York, NY, classified under NTEE code B92. The organization reported total revenue of $15.0M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Literacy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Literacy Inc is a large nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $5.2M |
| Surplus / Deficit | $-64,097 |
| Total Assets | $6.5M |
| Total Liabilities | $557K |
| Net Assets | $6.0M |
| Operating Margin | -1.3% |
| Debt-to-Asset Ratio | 8.5% |
| Months of Reserves | 15.2 months |
Financial Health Grade: B
In 2023, Literacy Inc reported a deficit of $64K with expenses exceeding revenue, holds 15.2 months of operating reserves (strong position), has a debt-to-asset ratio of 8.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Literacy Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.2% | +15.1% | -19.4% |
| 2022 | +72.2% | +26.2% | +76.4% |
| 2021 | -5.8% | -1.3% | +7.5% |
| 2020 | +4.7% | +4.2% | +35.3% |
| 2019 | +7.4% | +11.2% | +20.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Literacy Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $64K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.5%.
Executive Compensation Analysis
Literacy Inc. consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual for an organization of its size with annual revenues exceeding $5 million.
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 Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under different categories or through related entities not immediately apparent.
Strengths
The following positive indicators were identified for Literacy Inc:
- Consistent reporting of 0% officer compensation, suggesting high efficiency in directing funds to programs.
- Strong revenue growth over the past decade, from $1.5M in 2014 to over $5M in 2023.
- Healthy asset growth, increasing from $2.2M in 2014 to $6.5M in 2023.
- Consistent filing of IRS 990s for 13 periods, demonstrating strong transparency and accountability.
- Significant surplus in 202206 ($2.2M), indicating strong fundraising and financial management in that period.
Frequently Asked Questions about Literacy Inc
Is Literacy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Literacy Inc (EIN: 133911331) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Literacy Inc spend its money?
Literacy Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Literacy Inc tax-deductible?
Literacy Inc is registered as a tax-exempt nonprofit (EIN: 133911331). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Literacy Inc CEO make?
Literacy Inc's highest-compensated officer earns $5 annually. The organization reported $15.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Literacy Inc's spending goes to programs?
Literacy Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Literacy Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Literacy Inc is above average for NTEE category B92 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Literacy Inc located?
Literacy Inc is headquartered in New York, New York and files with the IRS under EIN 133911331. It is classified under NTEE code B92.
How many years of IRS 990 filings does Literacy Inc have?
Literacy Inc 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 $15.0M in total revenue.
Is Literacy Inc. financially stable?
Yes, Literacy Inc. appears financially stable. While the 202306 period showed a slight deficit of $64,097 (Expenses $5,155,894 vs. Revenue $5,091,797), this follows a substantial surplus of over $2.2 million in 202206. Their assets have also grown to $6,536,572 in 2023, indicating a healthy financial position.
How much does Literacy Inc. spend on executive compensation?
Literacy Inc. consistently reports 0% officer compensation across all 13 available IRS 990 filings, meaning no funds are allocated to executive salaries according to these public records.
Has Literacy Inc.'s revenue been growing?
Yes, Literacy Inc. has shown significant revenue growth over the past decade, from $1,564,371 in 201406 to $5,091,797 in 202306, with a peak of $6,716,163 in 202206.
What is Literacy Inc.'s asset growth trend?
Literacy Inc.'s assets have shown a strong upward trend, growing from $2,299,943 in 201406 to $6,536,572 in 202306, indicating increasing financial capacity.
Filing History
IRS 990 filing history for Literacy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Literacy Inc's revenue has grown by 538.2%, moving from $798K to $5.1M. Total assets increased by 1161.4% over the same period, from $518K to $6.5M. Total functional expenses rose by 563.9%, from $777K to $5.2M. In its most recent filing year (2023), Literacy Inc reported a deficit of $64K, with expenses exceeding revenue. The organization holds $557K in liabilities against $6.5M in assets (debt-to-asset ratio: 8.5%), resulting in net assets of $6.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.1M | $5.2M | $6.5M | $557K | — | View 990 |
| 2022 | $6.7M | $4.5M | $8.1M | $2.1M | — | View 990 |
| 2021 | $3.9M | $3.5M | $4.6M | $785K | — | — |
| 2020 | $4.1M | $3.6M | $4.3M | $812K | — | View 990 |
| 2019 | $4.0M | $3.5M | $3.2M | $241K | — | View 990 |
| 2018 | $3.7M | $3.1M | $2.6M | $206K | — | View 990 |
| 2017 | $2.4M | $2.6M | $2.1M | $262K | — | View 990 |
| 2016 | $2.4M | $2.4M | $2.1M | $114K | — | View 990 |
| 2015 | $1.6M | $1.8M | $2.0M | $78K | — | View 990 |
| 2014 | $1.6M | $1.3M | $2.3M | $80K | — | View 990 |
| 2013 | $1.8M | $818K | $2.0M | $55K | — | View 990 |
| 2012 | $1.3M | $711K | $1.1M | $30K | — | View 990 |
| 2011 | $798K | $777K | $518K | $37K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.1M, expenses of $5.2M, and assets of $6.5M (revenue -24.2% year-over-year).
- 2022: Revenue of $6.7M, expenses of $4.5M, and assets of $8.1M (revenue +72.2% year-over-year).
- 2021: Revenue of $3.9M, expenses of $3.5M, and assets of $4.6M (revenue -5.8% year-over-year).
- 2020: Revenue of $4.1M, expenses of $3.6M, and assets of $4.3M (revenue +4.7% year-over-year).
- 2019: Revenue of $4.0M, expenses of $3.5M, and assets of $3.2M (revenue +7.4% year-over-year).
- 2018: Revenue of $3.7M, expenses of $3.1M, and assets of $2.6M (revenue +51.8% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.6M, and assets of $2.1M (revenue +0.5% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.4M, and assets of $2.1M (revenue +53.4% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.8M, and assets of $2.0M (revenue +0.6% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.3M, and assets of $2.3M (revenue -11.9% year-over-year).
- 2013: Revenue of $1.8M, expenses of $818K, and assets of $2.0M (revenue +39.9% year-over-year).
- 2012: Revenue of $1.3M, expenses of $711K, and assets of $1.1M (revenue +59.0% year-over-year).
- 2011: Revenue of $798K, expenses of $777K, and assets of $518K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Literacy Inc:
Data Sources and Methodology
This transparency report for Literacy 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.