LITERACY NETWORK INC
Mission Statement
Mission: Literacy Network helps adults in Dane County build skills, reach goals, and connect communities. Participants in Literacy Network’s free education programs build their skills and are empowered to reach their goals. Education for adults has life-changing impacts, leading to higher incomes, deeper civic engagement, better health outcomes, and a more vibrant and inclusive community. Our agency serves over 1,700 people each year in English as a Second Language, basic literacy, citizenship, and high school completion programs. Individualized instruction helps participants develop the skills needed to achieve their goals and succeed in work, family, and community life! Linah earned her high school equivalency diploma last year with Literacy Network's support. She immediately enrolled in Madison College’s Certified Nursing Assistant Program! Linah said that our personalized support was crucial to helping her reach her goals and set new ones. She reflected that before participating at Literacy Network, “I didn’t have a dream." But, "I learned a dream. If you are breathing, you can have a dream.”
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
84.0% | 84.5% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
8.7% | 12.8% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
7.3% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
3602.0% | 57.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
22.6 mo | 9.0 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
9.4% | 18.6% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
89.3% | 89.9% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
47.4% | 7.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
16.0% | 8.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
17.0% | 2.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $2.6M | $2.2M | $4.1M | 84.0% | 0 |
| 2023 | $1.8M | $1.9M | $3.6M | 84.0% | 0 |
| 2022 | $1.5M | $1.7M | $3.6M | 83.2% | 0 |
| 2021 | $2.0M | $1.3M | N/A | — | 0 |
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