Literacy Volunteers And Advocates
EIN: 521531325 · Washington, DC · NTEE: B60
| Metric | Value |
|---|---|
| Total Revenue | $102K |
| Total Expenses | $344K |
| Net Assets | $77K |
Is Literacy Volunteers And Advocates Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Literacy Volunteers And Advocates
Literacy Volunteers And Advocates (EIN: 521531325) is a nonprofit organization based in Washington, DC, classified under NTEE code B60. The organization reported total revenue of $102K and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Literacy Volunteers And Advocates's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Literacy Volunteers And Advocates is a small nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $298K |
| Total Expenses | $344K |
| Surplus / Deficit | $-45,814 |
| Total Assets | $118K |
| Total Liabilities | $41K |
| Net Assets | $77K |
| Operating Margin | -15.4% |
| Debt-to-Asset Ratio | 34.6% |
| Months of Reserves | 4.1 months |
Financial Health Grade: B
In 2020, Literacy Volunteers And Advocates reported a deficit of $46K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 34.6% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2020), Literacy Volunteers And Advocates's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -24.6% | +11.0% | -14.1% |
| 2019 | +49.1% | +25.5% | +79.5% |
| 2018 | -21.9% | -26.0% | +59.1% |
| 2017 | -8.8% | +0.6% | -38.6% |
| 2016 | +4.6% | -10.0% | +316.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Volunteers And Advocates 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 Volunteers And Advocates 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 $46K, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.6%.
Frequently Asked Questions about Literacy Volunteers And Advocates
Is Literacy Volunteers And Advocates a legitimate charity?
Literacy Volunteers And Advocates (EIN: 521531325) is a registered tax-exempt nonprofit based in Washington DC. It has 10 years of IRS 990 filings on record. Total revenue: $102K. No red flags identified. Financial health grade: B.
How does Literacy Volunteers And Advocates spend its money?
Literacy Volunteers And Advocates reported $102K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Literacy Volunteers And Advocates tax-deductible?
Literacy Volunteers And Advocates is registered as a tax-exempt nonprofit (EIN: 521531325). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Literacy Volunteers And Advocates located?
Literacy Volunteers And Advocates is headquartered in Washington, Washington DC and files with the IRS under EIN 521531325. It is classified under NTEE code B60.
How many years of IRS 990 filings does Literacy Volunteers And Advocates have?
Literacy Volunteers And Advocates has 10 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 $102K in total revenue.
Filing History
IRS 990 filing history for Literacy Volunteers And Advocates showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Literacy Volunteers And Advocates's revenue has grown by 65.7%, moving from $180K to $298K. Total assets increased by 4902.8% over the same period, from $2K to $118K. Total functional expenses rose by 67.4%, from $205K to $344K. In its most recent filing year (2020), Literacy Volunteers And Advocates reported a deficit of $46K, with expenses exceeding revenue. The organization holds $41K in liabilities against $118K in assets (debt-to-asset ratio: 34.6%), resulting in net assets of $77K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $298K | $344K | $118K | $41K | — | — |
| 2019 | $395K | $310K | $137K | $14K | — | View 990 |
| 2018 | $265K | $247K | $76K | $39K | — | View 990 |
| 2017 | $340K | $334K | $48K | $29K | — | View 990 |
| 2016 | $372K | $332K | $78K | $65K | — | View 990 |
| 2015 | $356K | $369K | $19K | $64K | — | View 990 |
| 2014 | $270K | $283K | $37K | $66K | — | View 990 |
| 2013 | $253K | $259K | $33K | $46K | — | View 990 |
| 2012 | $225K | $208K | $17K | $25K | — | View 990 |
| 2011 | $180K | $205K | $2K | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $298K, expenses of $344K, and assets of $118K (revenue -24.6% year-over-year).
- 2019: Revenue of $395K, expenses of $310K, and assets of $137K (revenue +49.1% year-over-year).
- 2018: Revenue of $265K, expenses of $247K, and assets of $76K (revenue -21.9% year-over-year).
- 2017: Revenue of $340K, expenses of $334K, and assets of $48K (revenue -8.8% year-over-year).
- 2016: Revenue of $372K, expenses of $332K, and assets of $78K (revenue +4.6% year-over-year).
- 2015: Revenue of $356K, expenses of $369K, and assets of $19K (revenue +31.7% year-over-year).
- 2014: Revenue of $270K, expenses of $283K, and assets of $37K (revenue +6.9% year-over-year).
- 2013: Revenue of $253K, expenses of $259K, and assets of $33K (revenue +12.7% year-over-year).
- 2012: Revenue of $225K, expenses of $208K, and assets of $17K (revenue +24.8% year-over-year).
- 2011: Revenue of $180K, expenses of $205K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Literacy Volunteers And Advocates:
Data Sources and Methodology
This transparency report for Literacy Volunteers And Advocates 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.