Wisconsin Literacy Inc
EIN: 391628898 · Madison, WI
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $2.7M |
| Net Assets | $140K |
Is Wisconsin Literacy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wisconsin Literacy Inc
Wisconsin Literacy Inc (EIN: 391628898) is a nonprofit organization based in Madison, WI. The organization reported total revenue of $4.3M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wisconsin Literacy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wisconsin Literacy Inc is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-132,187 |
| Total Assets | $577K |
| Total Liabilities | $437K |
| Net Assets | $140K |
| Operating Margin | -5.1% |
| Debt-to-Asset Ratio | 75.7% |
| Months of Reserves | 2.6 months |
Financial Health Grade: D
In 2023, Wisconsin Literacy Inc reported a deficit of $132K with expenses exceeding revenue, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 75.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wisconsin Literacy Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +95.4% | +85.5% | +62.3% |
| 2022 | +19.9% | +55.1% | -35.5% |
| 2021 | +20.7% | -0.6% | +43.6% |
| 2020 | -3.1% | +2.6% | -1.7% |
| 2019 | +21.8% | +19.7% | +8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wisconsin Literacy Inc 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 Wisconsin Literacy Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $132K, with expenses exceeding revenue.
- Debt-to-asset ratio: 75.7%.
Frequently Asked Questions about Wisconsin Literacy Inc
Is Wisconsin Literacy Inc a legitimate charity?
Wisconsin Literacy Inc (EIN: 391628898) is a registered tax-exempt nonprofit based in Wisconsin. It has 13 years of IRS 990 filings on record. Total revenue: $4.3M. No red flags identified. Financial health grade: D.
How does Wisconsin Literacy Inc spend its money?
Wisconsin Literacy Inc reported $4.3M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wisconsin Literacy Inc tax-deductible?
Wisconsin Literacy Inc is registered as a tax-exempt nonprofit (EIN: 391628898). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wisconsin Literacy Inc located?
Wisconsin Literacy Inc is headquartered in Madison, Wisconsin and files with the IRS under EIN 391628898.
How many years of IRS 990 filings does Wisconsin Literacy Inc have?
Wisconsin 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 $4.3M in total revenue.
Filing History
IRS 990 filing history for Wisconsin Literacy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wisconsin Literacy Inc's revenue has grown by 568.8%, moving from $384K to $2.6M. Total assets increased by 226.6% over the same period, from $177K to $577K. Total functional expenses rose by 565.7%, from $406K to $2.7M. In its most recent filing year (2023), Wisconsin Literacy Inc reported a deficit of $132K, with expenses exceeding revenue. The organization holds $437K in liabilities against $577K in assets (debt-to-asset ratio: 75.7%), resulting in net assets of $140K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.7M | $577K | $437K | — | View 990 |
| 2022 | $1.3M | $1.5M | $355K | $83K | — | View 990 |
| 2021 | $1.1M | $938K | $551K | $137K | — | — |
| 2020 | $908K | $944K | $384K | $127K | — | View 990 |
| 2019 | $937K | $920K | $391K | $98K | — | View 990 |
| 2018 | $769K | $769K | $360K | $84K | — | — |
| 2017 | $974K | $895K | $353K | $78K | — | View 990 |
| 2016 | $670K | $688K | $314K | $117K | — | View 990 |
| 2015 | $610K | $543K | $277K | $91K | — | View 990 |
| 2014 | $416K | $451K | $142K | $23K | — | View 990 |
| 2013 | $484K | $416K | $200K | $46K | — | View 990 |
| 2012 | $394K | $393K | $125K | $39K | — | View 990 |
| 2011 | $384K | $406K | $177K | $92K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.7M, and assets of $577K (revenue +95.4% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.5M, and assets of $355K (revenue +19.9% year-over-year).
- 2021: Revenue of $1.1M, expenses of $938K, and assets of $551K (revenue +20.7% year-over-year).
- 2020: Revenue of $908K, expenses of $944K, and assets of $384K (revenue -3.1% year-over-year).
- 2019: Revenue of $937K, expenses of $920K, and assets of $391K (revenue +21.8% year-over-year).
- 2018: Revenue of $769K, expenses of $769K, and assets of $360K (revenue -21.0% year-over-year).
- 2017: Revenue of $974K, expenses of $895K, and assets of $353K (revenue +45.4% year-over-year).
- 2016: Revenue of $670K, expenses of $688K, and assets of $314K (revenue +9.8% year-over-year).
- 2015: Revenue of $610K, expenses of $543K, and assets of $277K (revenue +46.5% year-over-year).
- 2014: Revenue of $416K, expenses of $451K, and assets of $142K (revenue -14.0% year-over-year).
- 2013: Revenue of $484K, expenses of $416K, and assets of $200K (revenue +22.8% year-over-year).
- 2012: Revenue of $394K, expenses of $393K, and assets of $125K (revenue +2.7% year-over-year).
- 2011: Revenue of $384K, expenses of $406K, and assets of $177K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wisconsin Literacy Inc:
Data Sources and Methodology
This transparency report for Wisconsin 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.