Literacy Matters Foundation
EIN: 812943386 · Minneapolis, MN · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Net Assets | $386K |
Is Literacy Matters Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Literacy Matters Foundation
Literacy Matters Foundation (EIN: 812943386) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code B90. The organization reported total revenue of $1.1M and total assets of $659K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Literacy Matters Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Literacy Matters Foundation is a mid-size nonprofit that has been operating for 9 years, with 4 years of IRS 990 filings on record (2017–2020). Revenue has grown at a compound annual rate of 39.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-76,063 |
| Total Assets | $659K |
| Total Liabilities | $274K |
| Net Assets | $386K |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 41.5% |
| Months of Reserves | 6.6 months |
Financial Health Grade: B
In 2020, Literacy Matters Foundation reported a deficit of $76K with expenses exceeding revenue, holds 6.6 months of operating reserves (strong position), has a debt-to-asset ratio of 41.5% (moderate leverage).
Financial Trends
Over 4 years of filings (2017–2020), Literacy Matters Foundation's revenue has grown at a compound annual growth rate (CAGR) of 39.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -11.8% | +15.4% | +28.1% |
| 2019 | +120.5% | +96.5% | +115.5% |
| 2018 | +39.3% | +190.0% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Literacy Matters Foundation 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 Matters Foundation 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $76K, with expenses exceeding revenue.
- Debt-to-asset ratio: 41.5%.
Frequently Asked Questions about Literacy Matters Foundation
Is Literacy Matters Foundation a legitimate charity?
Literacy Matters Foundation (EIN: 812943386) is a registered tax-exempt nonprofit based in Minnesota. It has 4 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: B.
How does Literacy Matters Foundation spend its money?
Literacy Matters Foundation reported $1.1M in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Literacy Matters Foundation tax-deductible?
Literacy Matters Foundation is registered as a tax-exempt nonprofit (EIN: 812943386). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Literacy Matters Foundation located?
Literacy Matters Foundation is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 812943386. It is classified under NTEE code B90.
How many years of IRS 990 filings does Literacy Matters Foundation have?
Literacy Matters Foundation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.1M in total revenue.
Filing History
IRS 990 filing history for Literacy Matters Foundation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2017–2020), Literacy Matters Foundation's revenue has grown by 170.9%, moving from $418K to $1.1M. Total assets increased by 181.6% over the same period, from $234K to $659K. Total functional expenses rose by 557.6%, from $184K to $1.2M. In its most recent filing year (2020), Literacy Matters Foundation reported a deficit of $76K, with expenses exceeding revenue. The organization holds $274K in liabilities against $659K in assets (debt-to-asset ratio: 41.5%), resulting in net assets of $386K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $1.1M | $1.2M | $659K | $274K | — | View 990 |
| 2019 | $1.3M | $1.0M | $515K | $53K | — | View 990 |
| 2018 | $582K | $533K | $239K | $0 | — | View 990 |
| 2017 | $418K | $184K | $234K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $1.1M, expenses of $1.2M, and assets of $659K (revenue -11.8% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.0M, and assets of $515K (revenue +120.5% year-over-year).
- 2018: Revenue of $582K, expenses of $533K, and assets of $239K (revenue +39.3% year-over-year).
- 2017: Revenue of $418K, expenses of $184K, and assets of $234K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Literacy Matters Foundation:
Data Sources and Methodology
This transparency report for Literacy Matters Foundation 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.