Education
(B60)
IRS Verified
DX Registered
990 on File
LITERACY CONNECTS
Financial strength (30%)
79/100
Reliability (20%)
55/100
Effectiveness (25%)
97/100
Impact (25%)
85/100
CharityAI™ Score
Not yet evaluated
Mission Statement
Connecting people of all ages to a world of opportunities through literacy and creative expression.
Financial Overview — FY 2024
$3.1M
Total Revenue
$3.1M
Total Expenses
N/A
Net Assets
36
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
N/A
Fundraising Efficiency
200.0%
Operating Reserve
N/A
Liability-to-Asset
3.4%
Revenue Diversification
N/A
Executive Compensation
$97K
Compared with Peers
FY 2023
Compared with 11,226 similar organizations
(United States, Education, $1M–$10M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
85.5% | 84.5% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.3% | 13.0% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
9.2% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
2928.4% | 64.5% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
18.5 mo | 8.6 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
10.5% | 23.0% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
101.3% | 90.7% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
48.6% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
14.8% | 11.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
28.1% | 3.2% |
P10P90
|
Impact
5 programs| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Improved reading skills, attitudes and behaviors | 1,000 | $480.00 | — | Per Year |
| Adult students achieve program entry goals such as improved English, employment options, or GED. | 1,800 | $450.00 | — | Per Year |
| Youth engaged in safe, educational afterschool and summer STEAM programming | 100 | $2,500.00 | — | Per Year |
| Immigrants and people from refugee backgrounds who improve their English skills | 1,000 | $500.00 | — | Per Year |
| Families receive free books and literacy guidance from their pediatricians | 48,000 | $3.00 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $3.1M | $3.1M | N/A | — | 36 |
| 2023 | $3.5M | $2.5M | $3.8M | 85.5% | 49 |
| 2022 | $2.3M | $2.2M | $2.9M | 83.5% | 35 |
| 2021 | $2.4M | $1.9M | N/A | — | 30 |
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