Overview
What is Commonlit Inc?
Commonlit Inc, located in Washington, D.C., is a nonprofit organization dedicated to enhancing literacy development for students in grades 3-12. With a staff of 103 employees, they strive to make top-notch literacy materials readily available to teachers and the public to promote educational growth. Their primary mission revolves around disseminating effective literacy resources for the betterment of education.
Official website here: www.commonlit.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Commonlit Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its outstanding performance in accountability and finance. This high score is attributed to its strong governance practices, including a majority of independent board members and comprehensive audit oversight. The organization demonstrates a solid commitment to transparency, with essential policies in place such as conflict of interest and whistleblower policies.
The financial metrics further bolster Commonlit's reputation, with an exceptionally high program expense ratio of 86.49%, indicating that a significant portion of its funds is directed toward its mission-driven programs. Additionally, the fundraising efficiency is commendable, with just $0.05 spent to raise each dollar, highlighting the organization's effective resource management. A working capital ratio of 1.01 years suggests that Commonlit is well-positioned to sustain its operations in the short term.
While the organization's rating is overwhelmingly positive, ongoing assessment and feedback can provide insights into its programmatic impact and any evolving challenges it may face. Overall, Commonlit Inc exemplifies a well-managed nonprofit dedicated to its mission, with a strong focus on accountability and financial health.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Commonlit Inc?
100% of 16 reviewers on Facebook recommend Commonlit Inc. Here is a summary of their reviews:
Many users appreciate the platform as a valuable reading resource ranging from grades 3 to 12. They highlight the quality of the materials available and the added tools that enhance their learning experience. However, there is a suggestion for improvement, with some users hoping for texts to be accessible at various reading levels to better cater to diverse student needs.
Overall, the sentiment towards Commonlit Inc is overwhelmingly positive, with users indicating that it effectively supports their educational goals and provides useful resources that are well-received in the classrooms.
This AI summary has been generated from reviews found on Facebook.
Is Commonlit Inc legitimate?
Commonlit Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonlit 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: $951,268
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,776,590
For more financial information, click here
Official website here: www.commonlit.org
What is the mission statement of Commonlit Inc?
Commonlit Inc is dedicated to making top-tier literacy resources available to teachers and the public, contributing to the advancement of education. Their mission is to disseminate high-quality instructional materials, focusing on students in grades 3-12. They strive to support literacy development by providing accessible educational content.
Official website here: www.commonlit.org
Who is the CEO of Commonlit Inc?
Michelle Brown is the Ceo & President of Commonlit Inc. The CEO's salary of Commonlit Inc is $241,782 and their total compensation is $252,891.
Official website here: www.commonlit.org
What is the revenue of Commonlit Inc?
Commonlit Inc's revenue in 2022 was $11,871,054.
Official website here: www.commonlit.org
Who are the executives of Commonlit Inc and what are their salaries?
The average compensation at Commonlit Inc during 2022 was $65,319. There are 103 employees and 8 volunteers at Commonlit Inc.
Here are 17 key members and their salaries (Commonlit Inc's CEO's salary is $241,782 and their total compensation is $252,891):
- Compensation: $241,782
- Related: $0
- Other: $11,109
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $172,763
- Related: $0
- Other: $11,045
- Compensation: $148,688
- Related: $0
- Other: $0
- Compensation: $87,201
- Related: $0
- Other: $3,680
- Compensation: $250,000
- Related: $0
- Other: $0
- Compensation: $174,552
- Related: $0
- Other: $3,711
- Compensation: $148,543
- Related: $0
- Other: $4,173
- Compensation: $144,883
- Related: $0
- Other: $0
- Compensation: $135,666
- Related: $0
- Other: $5,940
- Compensation: $124,765
- Related: $0
- Other: $11,331
Official website here: www.commonlit.org
Where can I find the form 990 for Commonlit Inc?
Commonlit Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.commonlit.org
Learn more at the official website: www.commonlit.org
Mission Statement of Commonlit Inc
Commonlit Inc, a dedicated organization, strives to make top-tier literacy resources accessible to educators and the public at large. With a commitment to enhancing education, this nonprofit works to distribute first-rate instructional materials that foster literacy development among students in grades three through twelve.
At the heart of Commonlit Inc's mission lies the goal of making high-quality literacy materials readily available to those who can benefit from them. By doing so, the organization aims to contribute significantly to the educational landscape and support the learning journey of students. The resources provided by Commonlit Inc cater to the needs of students in the crucial middle school years, a period that plays a pivotal role in shaping their academic future.
Commonlit Inc's unwavering dedication to education is evident in its delivery of instructional materials designed to advance literacy. By offering these resources to teachers and the general public, the organization plays a vital role in creating an environment conducive to learning and growth. In turn, this equips students with the necessary skills and knowledge to excel in their academic pursuits and beyond.
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Impact
October, 2024
Commonlit Inc significantly advances educational outcomes by providing high-quality literacy materials to teachers and the public. By focusing on the development of instructional resources for students in grades 3-12, it empowers educators to enhance their teaching and better support literacy growth among their students. The accessibility of these materials plays a crucial role in ensuring that all learners, regardless of their background or resources, can benefit from effective literacy instruction.
By making these resources widely available, Commonlit Inc fosters an inclusive learning environment that can positively impact student engagement and achievement. Its commitment to education promotes not only individual literacy development but also contributes to broader societal progress by equipping students with the foundational skills necessary for future success. The organization's efforts ultimately help bridge gaps in educational access and quality, creating a more equitable landscape for learners across various demographics.
This information is meant to be a general summary of Commonlit 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 2022.
- Program Service Revenue: $3,015,689
- Gross Receipts: $11,871,054
Assets and Liabilities:
- Total Assets: $11,445,180
- Total Liabilities: $3,649,230
- Net Assets: $7,795,950
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EARNED REVENUE
Revenue
$3,015,689
Organization Details
Founding Year
2013
Phone
(301) 200-2426Principal Officer
Michelle Brown
Main Address
660 PENNSYLVANIA AVE SE 302, WASHINGTON, DC, 20003
Website
www.commonlit.orgNTEE Category
Code: B99 - Education
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