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Education : Early Childhood Programs and Services

Literacy, Inc.

When a child reads, a community succeeds!

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Impact Information is available from our partner, GuideStar

three stars

89.64

5030 Broadway Suite 641
New York, NY 10034
tel: (212) 620-5462   Web Site
EIN: 13-3911331

Board Leadership
Carl D. Folta
Chair

CEO
Shari Levine
Executive Director

 
 
  Score
(out of 100) 		Rating
Overall Score & Rating 89.64 three stars
  Financial 85.35 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 09/01/2018 and includes data from FY2017, the most recent 990 received at that time.
Why isn't this based on more recent data?

Literacy Inc. (LINC) addresses the literacy crisis facing children growing up in poverty - right now, 2 out of 3 children do not read on grade level. A strong literacy foundation is crucial to success in school and beyond. LINC's mission is to effectively engage families and community members to support young readers in high-need neighborhoods. LINC harnesses the power that exists in every community to make literacy a value and right of all children. Our children's educational success is the path out of poverty and the key to achievement.

Literacy Inc. (LINC) addresses the literacy crisis facing children growing up in poverty - right now, 2 out of 3 children do not read on grade level. A strong literacy foundation is crucial to success in school and beyond. LINC's mission is to effectively engage families and community members to support young readers in high-need neighborhoods. LINC harnesses the power that exists in every community to make literacy a value and right of all children. Our children's educational success is the path out of poverty and the key to achievement.

Impact Information

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GuideStar is Charity Navigator's trusted partner in sharing information on how this organization seeks impact.  GuideStar has recognized this organization with a Platinum Seal of Transparency for voluntarily and publicly sharing information about how they measure their progress and results.  Learn More about Impact Information.
Reported Results
Total in 2017
Rate of student attendance during the reporting period
2,049
Number of parents/guardians engaged in student activities
2,370
"Number of parents engaged through parent workshop opportunities"
2,519
This organization has earned a GuideStar's Platinum Seal of Transparency by voluntarily sharing the measures of progress and results they use to pursue their mission. Organizations earn Platinum Seals by selecting from a catalog of over 900 expert recognized metrics or by creating a new metric that best fits their work. This information is reported by the organization and displayed publicly on their GuideStar Nonprofit Profile. With over 1.6 million Nonprofit Profiles, 9 million annual visitors and over 200 data partners, GuideStar is the world's leading source of information about nonprofit organizations. A nonprofit itself, GuideStar is dedicated to providing better data for better decisions for a better world.
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This impact information is current as of January 2019, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Learn more about how we calculate the overall score and rating.

Financial

three stars

85.35

Accountability & Transparency

four stars

100.00

This rating was published 09/01/2018 and includes data from FY2017, the most recent 990 received at that time.
Why isn't this based on more recent data?
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)		 77.5%
  Administrative Expenses 5.1%
  Fundraising Expenses 17.3%
  Fundraising Efficiency $0.19
  Working Capital Ratio (years) 0.80
  Program Expenses Growth 26.8%
  Liabilities to Assets 12.4%
All data for Financial Performance Metrics calculations was provided by Literacy, Inc. on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Literacy, Inc. on recent 990s filed with the IRS.
Information Provided on the Form 990  
  Independent Voting Board Members
  No Material diversion of assets
  Audited financials prepared by independent accountant
  Does Not Provide Loan(s) to or Receive Loan(s) From related parties
  Documents Board Meeting Minutes
  Provided copy of Form 990 to organization's governing body in advance of filing
  Conflict of Interest Policy
  Whistleblower Policy
  Records Retention and Destruction Policy
  CEO listed with salary
  Process for determining CEO compensation
  Board Listed / Board Members Not Compensated
Is the following information easily accessible on the charity's website?  
  Donor Privacy Policy
  Board Members Listed
  Audited Financials
  Form 990
  Key staff listed

Highly Rated

Charity Name & State Overall Score Overall Rating
Literacy, Inc. (NY) 89.64 three stars
Reach Out and Read (MA) 91.64 four stars
Families Forward Learning Center (CA) 86.88 three stars
Children's Development Academy (GA) 90.77 four stars
Sheltering Arms Early Education & Family Centers (GA) 88.33 three stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,193,197
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $480,150
   Related Organizations $0
   Government Grants $637,232
Total Contributions $2,310,579
   Program Service Revenue $0
Total Primary Revenue $2,310,579
   Other Revenue $115,967
TOTAL REVENUE $2,426,546
   
EXPENSES  
   Program Expenses $2,025,123
   Administrative Expenses $122,437
   Fundraising Expenses $457,133
TOTAL FUNCTIONAL EXPENSES $2,604,693
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-178,147
   
Net Assets $1,834,525

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Reading Partner Program $2,025,123 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-06 09/01/2018 89.64 three stars
2016-06 08/01/2017 91.23 four stars
2015-06 07/01/2016 93.07 four stars
2014-06 06/01/2016 94.74 four stars
 
CN 2.0
2014-06 09/01/2015 92.87 four stars
2013-06 06/01/2015 90.37 four stars
2013-06 05/01/2015 89.20 three stars
2013-06 04/01/2015 87.95 three stars
2012-06 03/01/2014 85.32 three stars
2012-06 10/01/2013 82.79 three stars
2011-06 10/01/2012 76.27 two stars
2010-06 09/20/2011 72.94 two stars
 
CN 1.0
2009-06 08/01/2010 71.35 two stars
2008-06 05/01/2009 66.42 one star
2007-06 07/01/2008 80.86 three stars
2006-06 03/01/2007 67.20 one star
2005-06 04/01/2006 69.93 one star
2004-06 08/01/2005 87.28 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-3911331
Name in IRS Master File LITERACY INC
NTEE Code B92
NTEE Classification Remedial Reading, Reading Encouragement
NTEE Type Educational Institutions and Related Activities
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (994) Described in section 170(b)1)(a)(vi) of the Code
(59) Other school related activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date October, 2005
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End June
IRS Forms 990
(provided courtesy of Foundation Center)		 (Log In or Register Now to View Forms 990!)
  • June, 2017
  • June, 2016
  • June, 2015
  • June, 2014
  • June, 2013

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$103,012 3.95% Shari Levine Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Literacy, Inc. (NY) 89.64 three stars
Sheltering Arms Early Education & Family Centers (GA) 88.33 three stars
Opportunity, Inc. of Palm Beach County (FL) 94.06 four stars
Children's Development Academy (GA) 90.77 four stars
Families Forward Learning Center (CA) 86.88 three stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Literacy, Inc.
5030 Broadway
Suite 641
New York, NY 10034
tel: (212) 620-5462
EIN: 13-3911331

Visit Web Site

Board Leadership

Carl D. Folta
Chair

CEO

Shari Levine
Executive Director

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