Overview

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Est.

1998

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

990s

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2024
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2023
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2022
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AI Summary

Literacy Trust Inc, a nonprofit organization with an EIN of 59-3551080, is dedicated to enhancing educational capacity within school communities to foster fluent and motivated learners. With an operating budget of $1.7 million and total revenue of $922.8K for the 2024 filing year, the organization is supported by several significant funders, none of which provide 50% or more of its revenue. More information can be found on their website at www.literacytrust.org.

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Mission Statement

TO LEVERAGE WHAT ALREADY EXISTS IN SCHOOL COMMUNITIES TO INCREASE EDUCATIONAL CAPACITY TO CREATE MORE FLUENT, MOTIVATED.

Cause Areas

1
Education
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Financials

2024
Revenues
$922.8K
Expenses
$1.7M
Net Income:
-$794.5K
Assets
$530.9K
Liabilities
$451.3K
Net Assets:
+$79.6K

Financial Trends

2024
Operating Budget
$1.7M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Top Funders

Funder
Total Funding
Funding Share
BENEDICT SILVERMAN FOUNDATION
New York, NY, US
$9.7M
60%
Leon Lowenstein Foundation Inc
New Haven, CT, US
$13.6M
3%
THE STATEN ISLAND FOUNDATION
Staten Island, NY, US
$6.2M
1%

Grants Received

2023
Total No. of Grants
4
Median grant size
$8.1K
Largest grant received
$37.5K

Board & Team

E
Erica Doherty
Board Member
N
Nada Bseikri
Board Member
C
Christina Tettonis
Board Member

Frequently Asked Questions

What is LITERACY TRUST INC’s budget?
In 2024, LITERACY TRUST INC reported an annual operating budget of around $1.7 million. More detailed financial information is available to registered users.
What causes does LITERACY TRUST INC support?
LITERACY TRUST INC supports work in Education.
Where does LITERACY TRUST INC operate?
LITERACY TRUST INC is headquartered in NEW YORK, NY.
Who funded LITERACY TRUST INC recently?
In 2023, LITERACY TRUST INC received grants from THE STATEN ISLAND FOUNDATION, TD CHARITABLE FOUNDATION, and THE MORRISON & FOERSTER FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant LITERACY TRUST INC received in 2023?
The largest grant to LITERACY TRUST INC in 2023 exceeds $38 thousand.
What is LITERACY TRUST INC’s reliance on government grants?
LITERACY TRUST INC relied on government grants for more than 50% of their total revenue in 2024.