Virginia Literacy Foundation

Organization Overview

Virginia Literacy Foundation is located in Richmond, VA. The organization was established in 1991. According to its NTEE Classification (B92) the organization is classified as: Remedial Reading & Encouragement, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Literacy Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2023, Virginia Literacy Foundation generated $636.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $572.0k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Virginia Literacy Foundation has awarded 101 individual grants totaling $733,136. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE LITERACY AMOUNG VIRGINIA RESIDENTS BY SUPPORTING PUBLIC LITERACY PROGRAMS, ENHANCING, PRIVATE SECTOR LITERACY INITIATIVES; AND ENCOURAGING STATEWIDE LITERACY AWARENESS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTE LITERACY AMOUNG VIRGINIA RESIDENTS BY SUPPORTING PUBLIC LTERACY PROGRAMS, ENHANCING PRIVATE SECTOR LITERACY INITIATIVES AND ENCOURAGIN STATEWIDE LITERACY AWARENESS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $200,000
All other contributions, gifts, grants, and similar amounts not included above$435,331
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$635,331
Total Program Service Revenue$0
Investment income $199
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $636,344

Grants Awarded

Over the last fiscal year, Virginia Literacy Foundation has awarded $95,000 in support to 11 organizations.

Grant RecipientAmount

BEACON FOR ADULT LITERACY

PURPOSE: LITERACY EFFORTS

$10,000

LITERACY COUNCIL OF NORTHERN VIRGINIA

PURPOSE: LITERACY EFFORTSLITERACY EFFORTSLITERACY EFFORTSLITERACY EFFORTS

$10,000

SKYLINE LITERACY INC

PURPOSE: LITERACY EFFORTSLITERACY EFFORTS

$10,000

LITERACY VOLUNTEERS OF CHARLOTTESVILLEALBEMARLE

PURPOSE: LITERACY EFFORTS

$10,000

LOUDOUN LITERACY COUNCIL

PURPOSE: LITERACY EFFORTS

$7,500

CATHOLIC CHARITIES OF THE DIOCESE OF ARLINGTON

PURPOSE: LITERACY EFFORTSLITERACY EFFORTS

$7,500
View Grant Profile

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