Literacy West Ny Inc
Literacy West Ny Inc: Strong Financial Health and Program Focus
EIN: 222936506 · Belmont, NY · NTEE: B60 · Updated: 2026-04-04
Is Literacy West Ny Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Literacy West Ny Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Literacy West Ny Inc
Literacy West Ny Inc (EIN: 222936506) is a nonprofit organization based in Belmont, NY, classified under NTEE code B60. The organization reported total revenue of $2.9M and total assets of $999K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Literacy West Ny Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Literacy West Ny Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Literacy West Ny 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.
Executive Compensation Analysis
Executive compensation cannot be fully assessed as specific figures are not provided in the available data.
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.
Strengths
The following positive indicators were identified for Literacy West Ny Inc:
- Consistent revenue growth from $1,228,836 in 2017 to $2,943,947 in 2024.
- Healthy asset growth from $292,232 in 2017 to $999,265 in 2024.
- Low liabilities relative to assets, indicating strong financial stability.
- Positive net income in most years, demonstrating fiscal responsibility.
Frequently Asked Questions about Literacy West Ny Inc
Is Literacy West Ny Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Literacy West Ny Inc (EIN: 222936506) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Literacy West Ny Inc spend its money?
Literacy West Ny Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Literacy West Ny Inc tax-deductible?
Literacy West Ny Inc is registered as a tax-exempt nonprofit (EIN: 222936506). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Literacy West Ny Inc do?
Literacy West Ny Inc is a nonprofit organization in the Education sector, located in Belmont, New York. It is classified under NTEE code B60.
How much revenue does Literacy West Ny Inc have?
Literacy West Ny Inc reported total revenue of $2,943,947. Based on 14 IRS 990 filings on record.
What are Literacy West Ny Inc's total assets?
Literacy West Ny Inc holds total assets of $999,265 as reported in IRS 990 filings.
Where is Literacy West Ny Inc located?
Literacy West Ny Inc is based in Belmont, New York.
What is Literacy West Ny Inc's EIN?
Literacy West Ny Inc's Employer Identification Number (EIN) is 222936506. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Literacy West Ny Inc?
Literacy West Ny Inc is classified under NTEE code B60 (Education).
Is Literacy West Ny Inc a registered 501(c)(3)?
Yes, Literacy West Ny Inc is recognized as a tax-exempt organization by the IRS. EIN: 222936506.
Does Literacy West Ny Inc file IRS Form 990?
Yes, Literacy West Ny Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Literacy West Ny Inc's revenue in 2024?
In the 202406 filing period, Literacy West Ny Inc reported total revenue of $2,762,214, total expenses of $2,761,671, and net assets of $784,538.
Is Literacy West Ny Inc's revenue growing or declining?
Literacy West Ny Inc's revenue is relatively stable. Revenue went from $2,776,538 (202306) to $2,762,214 (202406), a -0.5% change. Based on 14 filings on record.
What is Literacy West Ny Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Literacy West Ny Inc covers tax period 202406. It shows revenue of $2,762,214, expenses of $2,761,671, total assets of $784,538, and liabilities of $297,067.
How much does Literacy West Ny Inc spend on programs vs administration?
Based on IRS 990 analysis, Literacy West Ny Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Literacy West Ny Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Literacy West Ny Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Literacy West Ny Inc's strengths?
Positive indicators for Literacy West Ny Inc include: Consistent revenue growth from $1,228,836 in 2017 to $2,943,947 in 2024.. Healthy asset growth from $292,232 in 2017 to $999,265 in 2024.. Low liabilities relative to assets, indicating strong financial stability.. Positive net income in most years, demonstrating fiscal responsibility.. These findings are derived from AI analysis of the organization's financial filings.
How does Literacy West Ny Inc compensate executives?
Executive compensation cannot be fully assessed as specific figures are not provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Literacy West Ny Inc managed to achieve such consistent revenue growth over the past seven years?
Literacy West Ny Inc has demonstrated remarkable revenue growth, increasing from $1,228,836 in 2017 to $2,943,947 in 2024. This sustained growth suggests effective fundraising strategies, expanding program reach, or increasing donor support over time.
What is the trend in the organization's net assets, and what does it imply about its long-term sustainability?
The organization's net assets have consistently grown, from $292,232 in 2017 to $999,265 in 2024. This positive trend, coupled with relatively low liabilities, indicates strong financial health and a robust capacity for long-term sustainability and future program expansion.
Filing History
IRS 990 filing history for Literacy West Ny Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Literacy West Ny Inc's revenue has grown by 328.4%, moving from $645K to $2.8M. Total assets increased by 304.7% over the same period, from $194K to $785K. Total functional expenses rose by 322.9%, from $653K to $2.8M. In its most recent filing year (2024), Literacy West Ny Inc reported a surplus of $543, with revenue exceeding expenses. The organization holds $297K in liabilities against $785K in assets (debt-to-asset ratio: 37.9%), resulting in net assets of $487K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $2.8M | $2.8M | $785K | $297K | — | View 990 |
| 2023 | $2.8M | $2.8M | $822K | $335K | — | — |
| 2022 | $2.7M | $2.6M | $671K | $202K | — | View 990 |
| 2021 | $2.2M | $1.9M | $436K | $26K | — | — |
| 2020 | $2.0M | $2.0M | $508K | $423K | — | View 990 |
| 2019 | $2.0M | $1.9M | $385K | $294K | — | View 990 |
| 2018 | $1.6M | $1.6M | $361K | $281K | — | View 990 |
| 2017 | $1.2M | $1.2M | $292K | $242K | — | View 990 |
| 2016 | $1.2M | $1.2M | $260K | $221K | — | View 990 |
| 2015 | $1.1M | $1.2M | $287K | $227K | — | View 990 |
| 2014 | $1.0M | $1.0M | $287K | $213K | — | View 990 |
| 2013 | $952K | $986K | $242K | $158K | — | View 990 |
| 2012 | $1.1M | $1.1M | $328K | $210K | — | View 990 |
| 2011 | $645K | $653K | $194K | $100K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.8M, expenses of $2.8M, and assets of $785K (revenue -0.5% year-over-year).
- 2023: Revenue of $2.8M, expenses of $2.8M, and assets of $822K (revenue +3.0% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.6M, and assets of $671K (revenue +20.6% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.9M, and assets of $436K (revenue +14.5% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.0M, and assets of $508K (revenue -0.3% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.9M, and assets of $385K (revenue +23.0% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.6M, and assets of $361K (revenue +29.5% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $292K (revenue +5.2% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $260K (revenue +2.7% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.2M, and assets of $287K (revenue +10.5% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.0M, and assets of $287K (revenue +8.2% year-over-year).
- 2013: Revenue of $952K, expenses of $986K, and assets of $242K (revenue -12.1% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $328K (revenue +67.9% year-over-year).
- 2011: Revenue of $645K, expenses of $653K, and assets of $194K.
Data Sources and Methodology
This transparency report for Literacy West Ny 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.