Overview
What is Literacy Inc?
Literacy Inc, also known as Linc, is a distinguished nonprofit organization committed to empowering families and fostering community support. Their primary goal is to equip children with fundamental literacy skills essential for academic success during their first five crucial years of development. Utilizing innovative early learning strategies, Linc encourages parents to establish a robust literacy foundation for their children. Through their award-winning approach, they have rallied over 100 community partners, such as libraries, to implement 235 reading programs, dubbed 'reading everywhere,' which are delivered across various locations. By engaging families and community partners, Literacy Inc plays a significant role in shaping children's future academic prospects.
Official website here: www.lincnyc.org
What are the reviews and ratings of this charity?
99% Rating from Charity Navigator
Literacy Inc has achieved a remarkable Four-Star out of Four Star rating on Charity Navigator, primarily due to its outstanding scores in Accountability & Finance, Leadership & Adaptability, and Culture & Community. The organization demonstrates a high level of transparency and efficient financial management, with a program expense ratio of 81.38% and a fundraising efficiency ratio of $0.09. Such financial health indicates a strong commitment to utilizing resources effectively for its mission.
The organization's governance is bolstered by a fully independent board, which comprises 25 members, all committed to upholding best practices as reflected in their perfect scores in audit oversight and conflict of interest policies. Literacy Inc has also shown a dedication to leadership development and has successfully adapted to challenges posed by external factors, such as the COVID-19 pandemic, ensuring its continued effectiveness in promoting literacy.
While the organization excels in multiple areas, some scores, particularly in Leadership & Adaptability and Culture & Community, could still see improvement, with scores of 10% and 16%, respectively. Nonetheless, Literacy Inc’s strong performance in accountability and financial oversight highlights its potential for delivering impactful services to its community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Literacy Inc?
100% of the 21 reviewers on Facebook recommend Literacy Inc. Here is a summary of their reviews:
The nonprofit is praised for its impactful community outreach efforts, with many highlighting the positive influence it has on literacy development within the community. Users appreciate the organization’s commitment to providing resources and support, making a difference in the lives of those they serve.
Overall, the sentiment is overwhelmingly supportive, with enthusiastic endorsements of its programs and initiatives. Literacy Inc. clearly resonates with its audience, delivering on its promise to enhance literacy skills in various communities effectively.
This AI summary has been generated from reviews found on Facebook.
Is Literacy Inc legitimate?
Literacy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Literacy Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $164,990
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,080,905
For more financial information, click here
Official website here: www.lincnyc.org
What is the mission statement of Literacy Inc?
Literacy Inc, through its organization Linc, aims to empower families and engage communities to provide children with fundamental literacy skills crucial for academic success. During the critical early years of development, from birth to age five, Linc offers effective strategies for parents to establish a robust literacy foundation for their children. The organization has successfully mobilized over a hundred community partners, such as libraries, to implement 235 reading programs, ensuring literacy skills are accessible everywhere.
Official website here: www.lincnyc.org
Who is the CEO of Literacy Inc?
Kosha Udani is the Chair of Literacy Inc.
Official website here: www.lincnyc.org
What is the revenue of Literacy Inc?
Literacy Inc's revenue in 2023 was $5,091,797.
Official website here: www.lincnyc.org
Who are the executives of Literacy Inc and what are their salaries?
The average compensation at Literacy Inc during 2023 was $56,946. There are 57 employees and 88 volunteers at Literacy Inc.
Here are 34 key members and their salaries:
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Official website here: www.lincnyc.org
Where can I find the form 990 for Literacy Inc?
Literacy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lincnyc.org
Learn more at the official website: www.lincnyc.org
Mission Statement of Literacy Inc
Literacy Inc, an award-winning organization, is dedicated to empowering families and engaging communities to equip children with essential foundational literacy skills. This mission is crucial during the formative first five years of a child's life, as these skills significantly impact their future academic achievements. Literacy Inc accomplishes this by providing effective early learning strategies for parents, enabling them to establish a robust literacy foundation for their children.
To achieve this goal, Literacy Inc has successfully mobilized over 100 community partners, such as libraries, to deliver its 'Reading Everywhere' programs. These initiatives aim to make literacy learning an integrated part of children's daily lives, ensuring they develop a strong foundation in reading and writing. By engaging families and communities in this process, Literacy Inc is not only equipping children with literacy skills but also fostering a love for learning that can last a lifetime.
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Impact
October, 2024
Literacy Inc significantly impacts early childhood literacy by empowering families and mobilizing communities to provide children with essential foundational literacy skills. By focusing on children in their critical first five years of development, Literacy Inc ensures that parents have access to effective strategies that cultivate a strong literacy foundation. This proactive approach not only enhances children's academic potential but also involves a wide network of over 100 community partners, including libraries, to implement 235 reading programs across various neighborhoods.
The collaboration with local organizations fosters a supportive environment for learning, encouraging community engagement and resource sharing. This holistic strategy amplifies Literacy Inc’s ability to reach diverse populations, making a meaningful difference in children’s lives by equipping them with the skills necessary for future success. Ultimately, Literacy Inc’s initiatives play a crucial role in bridging educational gaps, promoting literacy as a priority for families and communities alike.
This information is meant to be a general summary of Literacy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $19,299
- Gross Receipts: $6,731,069
Assets and Liabilities:
- Total Assets: $6,536,572
- Total Liabilities: $556,645
- Net Assets: $5,979,927
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Organization Details
Founding Year
1996
Phone
(212) 620-5462Principal Officer
Kosha Udani
Main Address
5030 BROADWAY 641, NEW YORK, NY, 10034
Website
www.lincnyc.orgNTEE Category
Code: B92 - Education
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