Literacy Volunteers Of America
Literacy Volunteers Of America: Strong Program Spending, Limited Transparency
EIN: 223021818 · Bloomfield, NJ · NTEE: B60 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $417K |
| Total Expenses | $272K |
| Program Spending | 85% |
| Net Assets | $539K |
| Transparency Score | 85/100 |
Is Literacy Volunteers Of America Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Literacy Volunteers Of America directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Literacy Volunteers Of America
Literacy Volunteers Of America (EIN: 223021818) is a nonprofit organization based in Bloomfield, NJ, classified under NTEE code B60. The organization reported total revenue of $417K and total assets of $582K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Literacy Volunteers Of America's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Literacy Volunteers Of America is a small 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 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $351K |
| Total Expenses | $272K |
| Surplus / Deficit | +$79K |
| Total Assets | $562K |
| Total Liabilities | $24K |
| Net Assets | $539K |
| Operating Margin | 22.6% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 24.8 months |
Financial Health Grade: A
In 2023, Literacy Volunteers Of America reported a surplus of $79K with revenue exceeding expenses, holds 24.8 months of operating reserves (strong position), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Literacy Volunteers Of America's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.5% | -29.1% | +29.7% |
| 2022 | +38.3% | +44.5% | +2.8% |
| 2021 | -12.9% | -12.5% | +15.7% |
| 2020 | -32.5% | -17.3% | -1.6% |
| 2019 | -5.0% | +2.2% | +32.6% |
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 Volunteers Of America with a Mission Score of 85 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: 5%
- programs: 85%
- fundraising: 10%
According to IRS 990 filings, Literacy Volunteers Of America allocates its expenses as follows: admin: 5%, programs: 85%, fundraising: 10%. 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 surplus of $79K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.2%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in available filings, making a precise assessment difficult.
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 Volunteers Of America's IRS 990 filings:
- Lack of detailed executive compensation disclosure.
- Limited public reporting on program outcomes and impact metrics.
Strengths
The following positive indicators were identified for Literacy Volunteers Of America:
- Consistently high percentage of expenses allocated to programs (e.g., 85% of $271,518 in 2023).
- Positive net assets growth over several years, indicating financial stability.
- Low fundraising costs relative to total expenses.
Frequently Asked Questions about Literacy Volunteers Of America
Is Literacy Volunteers Of America a legitimate charity?
Based on AI analysis of IRS 990 filings, Literacy Volunteers Of America (EIN: 223021818) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Literacy Volunteers Of America spend its money?
Literacy Volunteers Of America directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Literacy Volunteers Of America tax-deductible?
Literacy Volunteers Of America is registered as a tax-exempt nonprofit (EIN: 223021818). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Literacy Volunteers Of America's spending goes to programs?
Literacy Volunteers Of America directs 85% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Literacy Volunteers Of America compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Literacy Volunteers Of America is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Literacy Volunteers Of America located?
Literacy Volunteers Of America is headquartered in Bloomfield, New Jersey and files with the IRS under EIN 223021818. It is classified under NTEE code B60.
How many years of IRS 990 filings does Literacy Volunteers Of America have?
Literacy Volunteers Of America 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 $417K in total revenue.
What does Literacy Volunteers Of America do?
Literacy Volunteers Of America is a nonprofit organization in the Education sector, located in Bloomfield, New Jersey. It is classified under NTEE code B60.
How much revenue does Literacy Volunteers Of America have?
Literacy Volunteers Of America reported total revenue of $417,428. Based on 13 IRS 990 filings on record.
What are Literacy Volunteers Of America's total assets?
Literacy Volunteers Of America holds total assets of $581,598 as reported in IRS 990 filings.
Where is Literacy Volunteers Of America located?
Literacy Volunteers Of America is based in Bloomfield, New Jersey.
What is Literacy Volunteers Of America's EIN?
Literacy Volunteers Of America's Employer Identification Number (EIN) is 223021818. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Literacy Volunteers Of America?
Literacy Volunteers Of America is classified under NTEE code B60 (Education).
Is Literacy Volunteers Of America a registered 501(c)(3)?
Yes, Literacy Volunteers Of America is recognized as a tax-exempt organization by the IRS. EIN: 223021818.
Does Literacy Volunteers Of America file IRS Form 990?
Yes, Literacy Volunteers Of America has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Literacy Volunteers Of America's revenue in 2023?
In the 202306 filing period, Literacy Volunteers Of America reported total revenue of $350,582, total expenses of $271,518, and net assets of $562,154.
Is Literacy Volunteers Of America's revenue growing or declining?
Literacy Volunteers Of America's revenue is relatively stable. Revenue went from $367,071 (202212) to $350,582 (202306), a -4.5% change. Based on 13 filings on record.
What is Literacy Volunteers Of America's most recent 990 filing?
The most recent IRS Form 990 filing for Literacy Volunteers Of America covers tax period 202306. It shows revenue of $350,582, expenses of $271,518, total assets of $562,154, and liabilities of $23,626.
How much does Literacy Volunteers Of America spend on programs vs administration?
Based on IRS 990 analysis, Literacy Volunteers Of America allocates approximately 85% of expenses to program services, 5% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Literacy Volunteers Of America a trustworthy charity?
Based on AI analysis of IRS 990 data, Literacy Volunteers Of America appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Literacy Volunteers Of America?
The following concerns were identified: Lack of detailed executive compensation disclosure.. Limited public reporting on program outcomes and impact metrics.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Literacy Volunteers Of America's strengths?
Positive indicators for Literacy Volunteers Of America include: Consistently high percentage of expenses allocated to programs (e.g., 85% of $271,518 in 2023).. Positive net assets growth over several years, indicating financial stability.. Low fundraising costs relative to total expenses.. These findings are derived from AI analysis of the organization's financial filings.
How does Literacy Volunteers Of America compensate executives?
Executive compensation is not explicitly detailed in available filings, making a precise assessment difficult. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Literacy Volunteers Of America ensure its program spending directly translates into measurable literacy improvements for beneficiaries?
While the organization demonstrates strong program spending, specific metrics or reports detailing the direct impact on beneficiary literacy levels are not readily available in public filings, making it challenging to assess the direct correlation.
What strategies does the organization employ to maintain such a low administrative overhead while expanding its reach?
The organization consistently reports very low administrative expenses (e.g., 5% of total expenses in 2023), suggesting efficient operational management, potentially through a strong volunteer base or lean staffing, though specific strategies are not detailed in public documents.
Filing History
IRS 990 filing history for Literacy Volunteers Of America showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Literacy Volunteers Of America's revenue has grown by 77.9%, moving from $197K to $351K. Total assets increased by 5058.3% over the same period, from $11K to $562K. Total functional expenses rose by 43.2%, from $190K to $272K. In its most recent filing year (2023), Literacy Volunteers Of America reported a surplus of $79K, with revenue exceeding expenses. The organization holds $24K in liabilities against $562K in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $539K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $351K | $272K | $562K | $24K | — | — |
| 2022 | $367K | $383K | $433K | $8K | — | View 990 |
| 2021 | $265K | $265K | $421K | $2K | — | View 990 |
| 2020 | $305K | $303K | $364K | $140 | — | — |
| 2019 | $451K | $366K | $370K | $8K | — | View 990 |
| 2018 | $475K | $358K | $279K | $2K | — | View 990 |
| 2017 | $480K | $422K | $164K | $4K | — | — |
| 2016 | $346K | $289K | $109K | $6K | — | View 990 |
| 2015 | $281K | $229K | $56K | $10K | — | View 990 |
| 2014 | $288K | $271K | $10K | $15K | — | View 990 |
| 2013 | $148K | $176K | $3K | $26K | — | View 990 |
| 2012 | $180K | $172K | $17K | $12K | — | View 990 |
| 2011 | $197K | $190K | $11K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $351K, expenses of $272K, and assets of $562K (revenue -4.5% year-over-year).
- 2022: Revenue of $367K, expenses of $383K, and assets of $433K (revenue +38.3% year-over-year).
- 2021: Revenue of $265K, expenses of $265K, and assets of $421K (revenue -12.9% year-over-year).
- 2020: Revenue of $305K, expenses of $303K, and assets of $364K (revenue -32.5% year-over-year).
- 2019: Revenue of $451K, expenses of $366K, and assets of $370K (revenue -5.0% year-over-year).
- 2018: Revenue of $475K, expenses of $358K, and assets of $279K (revenue -1.0% year-over-year).
- 2017: Revenue of $480K, expenses of $422K, and assets of $164K (revenue +38.9% year-over-year).
- 2016: Revenue of $346K, expenses of $289K, and assets of $109K (revenue +23.0% year-over-year).
- 2015: Revenue of $281K, expenses of $229K, and assets of $56K (revenue -2.4% year-over-year).
- 2014: Revenue of $288K, expenses of $271K, and assets of $10K (revenue +94.6% year-over-year).
- 2013: Revenue of $148K, expenses of $176K, and assets of $3K (revenue -18.0% year-over-year).
- 2012: Revenue of $180K, expenses of $172K, and assets of $17K (revenue -8.5% year-over-year).
- 2011: Revenue of $197K, expenses of $190K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Literacy Volunteers Of America:
Data Sources and Methodology
This transparency report for Literacy Volunteers Of America 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.